Edition:
India

China Grand Automotive Services Co Ltd (600297.SS)

600297.SS on Shanghai Stock Exchange

7.94CNY
12:29pm IST
Change (% chg)

¥0.04 (+0.51%)
Prev Close
¥7.90
Open
¥7.88
Day's High
¥8.06
Day's Low
¥7.82
Volume
13,723,347
Avg. Vol
19,010,798
52-wk High
¥9.60
52-wk Low
¥6.86

Latest Key Developments (Source: Significant Developments)

China Grand Automotive Services issues 993.8 mln shares and raises 8 bln yuan via private placement
Monday, 18 Dec 2017 

Dec 18 (Reuters) - China Grand Automotive Services Co Ltd <600297.SS>:Says it issued 993.8 million shares and raised 8 billion yuan via private placement .Says stake held by top shareholder was diluted to 32.7 percent from 37.3 percent .  Full Article

China Grand Automotive Services' unit plans to buy stake in investment fund for 396.8 mln yuan
Monday, 30 Oct 2017 

Oct 30 (Reuters) - China Grand Automotive Services Co Ltd <600297.SS>:Says unit plans to buy 13.8 percent stake in investment fund for 396.8 million yuan ($59.73 million).  Full Article

China Grand Automotive Services' 9-month net profit up 45.1 pct y/y
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - China Grand Automotive Services Co Ltd <600297.SS>:Says 9-month net profit up 45.1 percent y/y.  Full Article

China Grand Automotive Services' prelim 9-month profit up 45.1 pct y/y
Monday, 16 Oct 2017 

Oct 16 (Reuters) - China Grand Automotive Services Co Ltd <600297.SS>:Says preliminary 9-month net profit up 45.1 percent y/y at 2.9 billion yuan ($440.13 million).  Full Article

China Grand Automotive Services unit issues 2017 second tranche corporate bonds worth 945 mln yuan
Friday, 13 Oct 2017 

Oct 13(Reuters) - China Grand Automotive Services Co Ltd <600297.SS>:Says co's wholly owned automotive services unit issued 2017 second tranche corporate bonds worth 945 million yuan, with term of 3 years and coupon rate of 7.48 percent.  Full Article

China Grand Automotive Services' 9-mth profit rises 61 pct y/y
Sunday, 30 Oct 2016 

China Grand Automotive Services Co Ltd <600297.SS> :Says 9-month net profit up 61.0 percent y/y.  Full Article

China Grand Automotive Services' H1 net profit up 52.7 pct
Tuesday, 30 Aug 2016 

China Grand Automotive Services Co Ltd <600297.SS> :Says H1 net profit up 52.7 percent y/y at 1.4 billion yuan ($209.72 million).  Full Article

China Grand Automotive Services to buy Shenzhen car dealer for 1 bln yuan
Friday, 19 Aug 2016 

China Grand Automotive Services Co Ltd <600297.SS> :Says it plans to buy Shenzhen car dealer Peng Feng Group for 1.0 billion yuan ($150.32 million).  Full Article

China Grand Automotive expects H1 net profit to rise 50-60 pct
Monday, 1 Aug 2016 

China Grand Automotive Services Co Ltd <600297.SS> :Says it expects H1 net profit to rise 50-60 percent y/y vs net profit of 904 million yuan ($136.26 million) year ago.  Full Article

China Grand Automotive Services issues 500 mln yuan worth of commercial paper
Friday, 29 Jul 2016 

China Grand Automotive Services Co., Ltd. <600297.SS>: Says it issues second tranche of 2016 super short-term financing bills worth 500 million yuan . Says the bills with a term of 270 days and an interest rate of 5.5 percent .Says the maturity date of April 24, 2017.  Full Article

Fitch: China Grand Auto's Equity Placement Rating Neutral

(The following statement was released by the rating agency) HONG KONG, December 20 (Fitch) China Grand Automotive Services Co., Ltd (BB-/Stable) may accelerate M&A and leasing business expansion following its December 2017 equity placement, says Fitch Ratings. China Grand Auto's CNY8 billion equity issuance is marginally credit positive, as it will improve the company's liquidity position. That said, Fitch does not expect the equity proceeds to be used for debt reduction, thus FFO adjusted net l