CAR Inc (0699.HK)
22 Jun 2018
Latest Key Developments (Source: Significant Developments)
May 15 (Reuters) - CAR Inc <0699.HK>::QTRLY NET PROFIT RMB229 MILLION VERSUS RMB211 MILLION.Q1 TOTAL REVENUE RMB 1.60 BILLION DOWN 4 PERCENT. Full Article
Nov 21 (Reuters) - Car Inc <0699.HK>:9-Mnth total revenue RMB5.76 billion versus RMB4.86 billion.9-mnth net profit RMB 662 million versus RMB 1,388 million. Full Article
CAR Inc <0699.HK>: Connected transaction in relation to the share purchase agreement between Ucar Inc. and Zhunxinche <0699.HK> . An inter-company outstanding balance in the amount of approximately RMB101 million as shown in zhunxinche's accounts will be transferred to Ucar Inc . Deal for an aggregate consideration of RMB37 million . Ucar inc. entered into the share purchase agreement with Zhunxinche (a holding co incorporated in Hong Kong and a wholly-owned subsidiary of the company) . Says company intends to use the proceeds to acquire assets or repay existing loans . Says pursuant to deal zhunxinche as seller agreed to sell zhunxinche's 100% equity interests in the target company . Says net of tax sale proceeds from the disposal of the target company are expected to be approximately RMB34.6 million . Says the company expects to recognize a gain on disposal of subsidiaries of approximately RMB115 million . Full Article
HONG KONG, June 22 Private-equity firm Centurium Capital, founded by former Warburg Pincus China head, is targeting to raise up to $1.5 billion in its China-focused fund to invest in healthcare and consumer sectors, two sources with knowledge of the matter said.