China Grand Automotive Services Co Ltd (600297.SS)

600297.SS on Shanghai Stock Exchange

19 Jun 2018
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¥-0.40 (-6.27%)
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Fri, Feb 23 2018

BRIEF-China Grand Automotive Services' Unit Plans To Buy Stake In Investment JV For 686.2 Mln Yuan

* SAYS UNIT PLANS TO BUY 23.7 PERCENT STAKE IN INVESTMENT JV FOR 686.2 MILLION YUAN ($108.37 million) Source text in Chinese: http://bit.ly/2F01yqg Further company coverage: ($1 = 6.3318 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-China Grand Automotive Services Expects 2017 Net Profit To Rise 35-45 Pct Y/Y

* SAYS IT EXPECTS 2017 NET PROFIT TO RISE 35-45 PERCENT Y/Y FROM 2.8 BILLION YUAN ($442.55 million) YEAR AGO Source text in Chinese: http://bit.ly/2FpKqqJ Further company coverage: ($1 = 6.3270 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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

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