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Agritrade Resources Ltd (1131.HK)

1131.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Agritrade Resources Sees Substantial Increase In FY Profit Attributable
Friday, 8 Jun 2018 

June 8 (Reuters) - Agritrade Resources Ltd <1131.HK>::ANTICIPATES TO REPORT A SUBSTANTIAL INCREASE IN GROUP'S REVENUE AND PROFIT ATTRIBUTABLE TO OWNERS OF COMPANY FOR YEAR.EXPECTED RESULT DUE TO STRONG PERFORMANCE OF GROUP'S MINING SEGMENT DURING CURRENT FINANCIAL YEAR.REVENUE OF GROUP'S MINING SEGMENT FOR CURRENT YEAR IS EXPECTED TO INCREASE BY MORE THAN 60%.  Full Article

Agritrade Resources Says Unit To Sell Vessel For $18.5 Mln
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Agritrade Resources Ltd <1131.HK>::UNIT SEA EQUATORIAL LTD TO SELL VESSEL TO DA HUI SHIPPING (PTE.) LTD FOR $18.5 MILLION.EXPECTED THAT GROUP WOULD RECORD A PRE-TAX LOSS OF ABOUT HK$9 MILLION FROM DISPOSAL.  Full Article

Agritrade Resources ‍ Says Unit Entered Coal Supply Contract To Sell Indonesian Steam Coal
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Agritrade Resources Ltd <1131.HK>::‍ UNIT ENTERED COAL SUPPLY CONTRACT TO SELL INDONESIAN STEAM COAL TO JAPANESE BUYER; CONTRACT VALUED AT US$80 MILLION​.  Full Article

Agritrade Resources Says In Advanced Stage Of Negotiations To Buy Power Plant In India​
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Agritrade Resources Ltd <1131.HK>::IN ADVANCED STAGE OF NEGOTIATIONS FOR ACQUISITION OF A CO OWNING A THERMAL POWER PLANT UNDER COMMERCIAL OPERATION IN INDIA​.‍ESTIMATES INVESTMENT IN POTENTIAL ACQUISITION TO RANGE BETWEEN US$525 MILLION AND US$550 MILLION​.  Full Article

Agritrade Resources Unit Entered Contract To Sell Coal For US$56 Mln
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Agritrade Resources Ltd <1131.HK>::UNIT ENTERED CONTRACT TO SUPPLY COAL WITH AN INDEPENDENT GLOBAL COMMODITY TRADER FOR US$56 MILLION.CONTRACT TO SELL TOTAL OF 700,000 TONNES OF INDONESIAN THERMAL COAL FROM Q1 OF 2018 TO Q1 OF 2019.  Full Article

Agritrade Resources Updates On Proposed Share Division
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Agritrade Resources Ltd <1131.HK>::AGRITRADE RESOURCES -PROPOSES TO EFFECT PROPOSED SHARE SUBDIVISION WHEREBY EVERY 1 EXISTING SHARE OF CO WILL BE SUBDIVIDED INTO 4 SUBDIVIDED SHARES.  Full Article

Agritrade Resources posts HY ‍profit attributable of HK$147.6 mln
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Agritrade Resources Ltd <1131.HK>:HY revenue HK$984.8 million versus HK$651.6 mln‍​.HY ‍profit attributable to owners HK$147.6 million versus HK$143.2 million.  Full Article

Agritrade Resources update on the biodiesel operation in the USA
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Agritrade Resources Ltd <1131.HK>:Update on the biodiesel operation in the USA.Maximum production capacity of biodiesel plant is expected at 40 million gallons annually.  Full Article

Agritrade Resources updates on legal proceedings
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - Agritrade Resources Ltd <1131.HK>:Updates on legal proceedings in relation to management and control over jvc, merge mining holding limited.Arbitral tribunal also decided on 1 august 2017 that it has no jurisdiction to determine any of sil's counterclaims beyond amhl.Arbitration proceedings therefore continue only as between amhl and sil and reliefs claimed in proceedings are limited to these parties alone​.Arbitral tribunal ruled in favour of amhl and decided on 1 aug that it has no jurisdiction to determine counterclaims against group.  Full Article

Agritrade Resources updates on legal proceedings related to Merge Mining Holding
Wednesday, 12 Jul 2017 

July 12 (Reuters) - Agritrade Resources Ltd <1131.HK>:It has been involved in certain legal proceedings relating to management and control over MMHL.Group and certain units named in Jakarta proceedings, dispute allegations stated therein.Refers to acquisition by group of a 51.0% indirect equity interest in Merge Mining Holding Limited.Group cannot predict when MMHL proceedings will be resolved and outcome of such proceedings.Cannot assure that such proceedings will not result in significant expense to group and adverse impact to its management.  Full Article

BRIEF-Agritrade Resources Says In Advanced Stage Of Negotiations To Buy Power Plant In India​

* IN ADVANCED STAGE OF NEGOTIATIONS FOR ACQUISITION OF A CO OWNING A THERMAL POWER PLANT UNDER COMMERCIAL OPERATION IN INDIA​

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