Edition:
India

FDG Electric Vehicles Ltd (0729.HK)

0729.HK on Hong Kong Stock

0.10HKD
5 Jun 2020
Change (% chg)

HK$0.01 (+11.24%)
Prev Close
HK$0.09
Open
HK$0.09
Day's High
HK$0.10
Day's Low
HK$0.08
Volume
14,026,253
Avg. Vol
4,972,659
52-wk High
HK$0.76
52-wk Low
HK$0.08

Latest Key Developments (Source: Significant Developments)

FDG Electric Vehicles TO Dispose Stake In Unit Chanje Energy To J. Streicher Holdings
Friday, 20 Mar 2020 

March 20 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::CO AND ITS UNIT CHANJE ENERGY ENTERED INTO LOI TO DISPOSE 94.7% IN CHANJE TO J. STREICHER HOLDINGS.DEAL FOR US$260 MILLION, 10% EQUITY STAKE IN SPV SET UP BY PURCHASER, AMONG OTHERS.  Full Article

FDG Electric Vehicles Ltd Says Board Has Conducted Investigations On Shanxi Placing
Tuesday, 10 Mar 2020 

March 10 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::BOARD HAS CONDUCTED INVESTIGATIONS ON SHANXI PLACING.CAME TO BOARD'S ATTENTION THAT A DIRECTOR HAD BEEN CONSPIRING WITH JINGANG GROUP INVESTMENT, OTHER PLACEES TO MISLEAD BOARD.BOARD HAS RESOLVED TO SUSPEND DUTIES OF CAO ZHONG AS EXECUTIVE DIRECTOR.BOARD INSTRUCTED CO'S LEGAL ADVISORS TO COMMENCE LEGAL ACTION AGAINST INDIVIDUALS & PLACEES.  Full Article

FDG Electric Vehicles Updates On A Winding Up Petition
Wednesday, 4 Mar 2020 

March 4 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::ON 2 MARCH CO GOT LETTER FROM LEGAL ADVISERS FOR JINGANG GROUP INVESTMENT ON ORDER THAT CO BE WOUND UP BY COURT.CLARIFIES CO DOES NOT OWE ANY MONEY TO PETITIONER & PETITION WAS NOT MADE ON INSOLVENCY GROUND.WILL DEFEND PETITION.BOARD UNCERTAIN WHETHER PETITION WAS DULY FILED WITH AND/OR APPROVED BY COURT FOR ISSUE TO CO.TRADING IN SHARES WILL RESUME AT 9:00 A.M. ON 5 MARCH 2020.INTENDS TO APPLY TO COURT FOR VALIDATION ORDER TO VALIDATE ISSUE OF RIGHTS SHARES.  Full Article

FDG Electric Vehicles Updates On Agreement With Federal Express Corp
Friday, 28 Feb 2020 

Feb 28 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::CONSTRUCTION WORK PREVIOUSLY ENTERED INTO CONSTRUCTION AGREEMENT WITH FEDERAL EXPRESS CORP, HAS NOW COMMENCED IN H12020.UPDATES ON UNIT, FEDEX DEAL TO CONSTRUCT CHARGING INFRASTRUCTURE FOR EVS AT FEDEX STATIONS IN CALIFORNIA, US FOR $27 MILLION FEE.  Full Article

FDG Electric Vehicles Appoints Lo Wing Yat As Chairman
Tuesday, 25 Feb 2020 

Feb 26 (Reuters) - FDG ELECTRIC VEHICLES:CAO ZHONG CEASED TO BE CHAIRMAN AND LO WING YAT HAS BEEN APPOINTED AS CHAIRMAN.  Full Article

FDG Electric Vehicles Updates On Possible Insider Dealings
Monday, 17 Feb 2020 

Feb 17 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::CO NOTES THAT A PLACEE OF PLACING MISREPRESENTED TO COMPANY THAT IT WAS NOT A SHAREHOLDER OF CO AT TIME OF PLACING.INVESTIGATION INITIATED BY CO REVEALS PLACEE OWNED SHARES IN CO PRIOR TO COMPLETION OF PLACING.BOARD IS SEEKING ADVICE ON POSSIBLE INSIDER DEALINGS.  Full Article

FDG Electric Vehicles Ltd Says Co Was Informed Li Ka Shing Foundation Has Withdrawn Bankruptcy Petition
Monday, 13 Jan 2020 

Jan 13 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::INFORMED THAT LI KA SHING FOUNDATION HAS WITHDRAWN BANKRUPTCY PETITION ON 8 JANUARY 2020.  Full Article

Fdg Electric Vehicles Posts HY Loss Attributable From Continuing Operations HK$248.9 MLN
Friday, 29 Nov 2019 

Nov 29 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::HY LOSS ATTRIBUTABLE FROM CONTINUING OPERATIONS HK$248.9 MILLION VERSUS LOSS OF HK$548.9 MILLION.HY REVENUE FROM CONTINUING OPERATIONS HK$487.1 MILLION VERSUS HK$172.5 MILLION.  Full Article

FDG Electric Vehicles Updates On Settlement Deed
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::ANNOUNCES SETTLEMENT DEED UNDER WHICH PARTIES THERETO AGREE TO DISCONTINUE HONG KONG PROCEEDINGS.UPON SETTLEMENT OF INVESTIGATION COSTS, CO'S OBLIGATIONS UNDER CONVERTIBLE BONDS OF ABOUT HK$760.8 MILLION TO BE FULLY DISCHARGED.ONE-OFF GAIN OF ABOUT HK$759.8 MILLION TO BE RECOGNISED IN CONSOL P&L STATEMENT FOR YEAR ENDING 31 MARCH 2020.  Full Article

FDG Electric Vehicles Announces Lapse Of Agreement Regarding Disposal Of Battery Business
Monday, 30 Sep 2019 

Sept 30 (Reuters) - FDG Electric Vehicles Ltd <0729.HK>::FDG ELECTRIC VEHICLES ANNOUNCES LAPSE OF SALE AND PURCHASE AGREEMENT RELATING TO DISPOSAL OF BATTERY BUSINESS VIA UNIT.INTENDS TO CONTINUE TO OPERATE DISPOSAL COMPANIES BUT IS EXPLORING RESTRUCTURING OPTIONS.  Full Article

BRIEF-FDG Electric Vehicles Updates On A Winding Up Petition

* ON 2 MARCH CO GOT LETTER FROM LEGAL ADVISERS FOR JINGANG GROUP INVESTMENT ON ORDER THAT CO BE WOUND UP BY COURT