Edition:
India

CAR Inc (0699.HK)

0699.HK on Hong Kong Stock

2.46HKD
28 Sep 2020
Change (% chg)

HK$-0.03 (-1.20%)
Prev Close
HK$2.49
Open
HK$2.51
Day's High
HK$2.51
Day's Low
HK$2.43
Volume
1,227,000
Avg. Vol
12,526,363
52-wk High
HK$6.79
52-wk Low
HK$1.20

Latest Key Developments (Source: Significant Developments)

CAR Inc Says Unit Entered Procurement Framework Agreement With Borgward China & Borgward Xiamen
Thursday, 24 Sep 2020 

Sept 24 (Reuters) - CAR Inc <0699.HK>::UNIT ENTERED PROCUREMENT FRAMEWORK AGREEMENT WITH BORGWARD CHINA & BORGWARD XIAMEN.AGREEMENT RELATION TO ITS PURCHASE OF VEHICLE PARTS FROM BORGWARD CHINA AND BORGWARD XIAMEN.  Full Article

Car Inc Posts HY Total Revenue Was RMB2,759 Mln Vs RMB3,741 Mln
Friday, 28 Aug 2020 

Aug 28 (Reuters) - CAR Inc <0699.HK>::HY TOTAL REVENUE WAS RMB2,759 MILLION VERSUS RMB3,741 MILLION.HY ADJUSTED NET LOSS WAS RMB1,387 MILLION VERSUS ADJUSTED NET PROFIT OF RMB348 MILLION.  Full Article

Car Inc Sees HY Net Loss At Range Of RMB3,800 Mln To RMB4,300 Mln For
Monday, 10 Aug 2020 

Aug 10 (Reuters) - CAR Inc <0699.HK>::EXPECTED TO INCUR NET LOSS AT RANGE OF RMB3,800 MILLION TO RMB4,300 MILLION FOR SIX MONTHS.EXEPCTED LOSS DUE TO SIGNIFICANT DECREASE IN RENTAL DEMAND AS RESULT OF OUTBREAK OF NOVEL CORONAVIRUS.  Full Article

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