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CAR Inc (0699.HK)

0699.HK on Hong Kong Stock

2.38HKD
8:17am IST
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Latest Key Developments (Source: Significant Developments)

CAR Inc Expects Net Loss For HY
Friday, 24 Jul 2020 

July 24 (Reuters) - CAR Inc <0699.HK>::EXPECT NET LOSS FOR SIX MONTHS.EXPECTED RESULT DUE TO TO IMPAIRMENT OF EQUITY INVESTMENT IN UCAR INC, AMONG OTHERS.EXPECTED THAT ALL IMPAIRMENTS WILL RESULT IN AGGREGATE WRITE-OFF OF ABOUT RMB2.5 BILLION TO RMB3.0 BILLION IN HY.  Full Article

Car Inc Updates on Proposed Acquisition Of Some Shares
Thursday, 2 Jul 2020 

July 2 (Reuters) - CAR Inc <0699.HK>::CO & UCAR SELLERS SIGNED OFFER LETTER WITH SAIC MOTOR HK INVESTMENT LTD FOR PROPOSED ACQUISITION OF NOT MORE THAN 442.7 MILLION SHARES OF CO.PRICE OF HK$3.10 PER SHARE FROM UCAR SELLERS FOR MAXIMUM TOTAL CONSIDERATION OF HK$1.37 BILLION.INFORMED THAT AMBER GEM HOLDINGS SIGNED OFFER LETTER WITH SAIC HK FOR SAIC TO BUY NO LESS THAN 169.6 MILLION SHARES OF CO FOR HK$525.8 MILLION.  Full Article

Lu Zhengyao's Long Position In Car Inc Decreases To 20.92% On June 22 - HKEx Filing
Friday, 26 Jun 2020 

June 26 (Reuters) - Hong Kong Stock Exchange filing: :LU ZHENGYAO SOLD 7.085 MLN SHARES IN CAR INC <<<0699.HK>>> AT AVG PRICE OF HK$2.035 ($0.2626) PER SHARE ON JUNE 22 - HKEX FILING.LU ZHENGYAO'S LONG POSITION IN CAR INC DECREASES TO 20.92% FROM 21.25% AFTER THE TRANSACTION - HKEX FILING.  Full Article

CAR Inc Says Informed By UCar That It Sold 7.1 Mln Shares Of Co On Market
Tuesday, 23 Jun 2020 

June 23 (Reuters) - CAR Inc <0699.HK>::INFORMED BY UCAR INC THAT 7.1 MILLION SHARES OF CO, REPRESENTING ABOUT 0.33% STAKE, WERE SOLD ON MARKET FROM MAY 12 TO JUNE 22.  Full Article

CAR Inc Chairman Charles Zhengyao Resigns
Wednesday, 10 Jun 2020 

June 10 (Reuters) - CAR Inc <0699.HK>::CHARLES ZHENGYAO RESIGNED AS CHAIRMAN.  Full Article

Car Inc Says Ucar Inc Sold 100,000 Shares Of Co On Market On May 11
Tuesday, 12 May 2020 

May 12 (Reuters) - CAR Inc <0699.HK>::UCAR INC. SOLD 100,000 SHARES OF CO ON MARKET ON MAY 11.SUBSEQUENT TO SALE, UCAR, THROUGH UNITS, HOLDS ABOUT 21.26% OF TOTAL STAKE OF CO.  Full Article

CAR Inc Says Informed That Amber Gem Holdings And UCAR Inc. Entered Into Sale & Purchase Agreement
Thursday, 16 Apr 2020 

April 16 (Reuters) - CAR Inc <0699.HK>::INFORMED THAT AMBER GEM HOLDINGS AND UCAR INC. ENTERED INTO A SALE AND PURCHASE AGREEMENT.SALE & PURCHASE AGREEMENT IN CONNECTION WITH ACQUISITION OF 98.6 MILLION SHARES OF CO AT HK$2.30 PER SHARE BY AMBER GEM FROM UCAR'S UNIT.UNDER DEAL, AMBER GEM TO UNDERTAKE CONDITIONAL ACQUISITION OF SHARES AT PRICE OF HK$3.40 PER SHARE FOR UPTO US$115.8 MILLION FROM UCAR'S UNITS.  Full Article

CAR Inc Says Made Aware That 44.7 Mln Shares Of Co Held By Ucar Technology Inc. Were Sold
Thursday, 9 Apr 2020 

April 9 (Reuters) - CAR Inc <0699.HK>::MADE AWARE ON APRIL 8 THAT 44.7 MILLION SHARES OF CO HELD BY UCAR TECHNOLOGY INC. WERE SOLD ON MARKET ON APRIL 3.SUBSEQUENT TO SALE, UCAR, THROUGH ITS UNITS HOLDS ABOUT 27.65% OF TOTAL STAKE OF CO.CO INFORMED BY UCAR THAT UCAR IS IN ONGOING DISCUSSIONS WITH VARIOUS PARTIES IN RELATION TO ITS REMAINING SHAREHOLDING IN CO.  Full Article

CAR Inc Clarifies Group Not Engaged In Any Business Transaction With Luckin Coffee
Tuesday, 7 Apr 2020 

April 7 (Reuters) - CAR Inc <0699.HK>::CLARIFIES AS AT APRIL 7 CO DOES NOT HOLD ANY ADS OR OTHER SECURITIES OF LUCKIN COFFEE.CLARIFIES GROUP NOT ENGAGED IN ANY BUSINESS TRANSACTION WITH LUCKIN COFFEE.APPLICATION MADE TO STOCK EXCHANGE FOR RESUMPTION OF TRADING IN SHARES FROM 9:00 A.M. ON APRIL 7, 2020.  Full Article

Car Inc Says FY Car Rental Revenue Increased By 9.6% To RMB4,917 Mln
Tuesday, 17 Mar 2020 

March 17 (Reuters) - CAR Inc <0699.HK>::FY CAR RENTAL REVENUE INCREASED BY 9.6% YEAR-OVER-YEAR TO RMB4,917 MILLION.FY ADJUSTED EBITDA INCREASED BY 6.4% TO RMB3,464 MILLION.OUTBREAK OF NOVEL CORONAVIRUS SINCE LATE JAN CAUSED A DECLINE OF BUSINESS FROM LATE CHINESE NEW YEAR HOLIDAY.COMPANY HAS STOPPED PURCHASING NEW VEHICLE TO MAINTAIN SAFE CASH LEVEL.  Full Article