China New Town Development Names New Chairman, President
chinanewtown (01278.HK) appointed Liu Yanhong as a non-executive director and chairman.
chinanewtown (01278.HK) announced that, starting from the end of the board of directors meeting held on October 28, 2024
chinanewtown (01278.HK) tax-free annualized guaranteed investment return for the first three quarters is 0.191 billion RMB.
Chinanewtown (01278.HK) announced that as of September 30, after deducting impairment reserves for risk items, the total amount of fixed income investment portfolio of the company is approximately 2.863 billion RMB. Excluding risk items, other items have an annualized guaranteed investment return of approximately 0.191 billion RMB according to the contract, corresponding to an average annualized pre-tax investment return of about 6.7%.
As of the end of September, chinanewtown (01278) had a total fixed income project investment portfolio of approximately 2.863 billion yuan.
chinanewtown (01278) announced that, as of September 30, 2024, excluding the impairment provisions for risky projects...
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
CHINANEWTOWN: INTERIM REPORT 2024
Chinanewtown (01278) approves the joint venture of Guoxi Nanjing to pay a total of no more than 35 million yuan to banks.
Chinanewtown (01278) announced in a statement that on January 4, 2024, the company's indirectly wholly-owned subsidiary, Guoxi...
China New Town Development Posts Profit in H1; Shares Drop 7%
In the performance report, China New Town (01278.HK) had a net profit of 51.65 million RMB in the first half of the year, a decrease of 1%, and no dividends will be paid.
Chinanewtown (01278.HK) announced its interim results for the six months ended in June, with operating income of 0.211 billion RMB, down 1.3% year-on-year. The net profit was 51.65 million yuan, a decrease of 1.3%, and the earnings per share were 0.53 cents. No interim dividend was declared, compared to 0.22 Hong Kong cents in the same period last year.
Chinanewtown (01278) released its interim results, with a net profit attributable to shareholders of 51.649 million yuan, a year-on-year decrease of 1.3%.
Chinanewtown (01278) released its six-month performance until June 30, 2024, with operating income of 2.11...
CHINANEWTOWN: UNAUDITED INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
Chinanewtown (01278.HK): The joint venture has not yet repaid the overdue principal and related penalties for the current period.
Chinanewtown (01278.HK) announced on July 31 that as of the announcement date, the joint venture has not repaid the overdue principal and related penalty interest. Xincheng Kaiyuan is currently negotiating a repayment plan with the joint venture and banks, and will continue to follow up on the joint venture's obligation to pay the overdue principal and related penalty interest for the current period.
Chinanewtown (01278.HK) plans to hold a board of directors meeting on August 9th to approve its interim performance.
Chinanewtown (01278.HK) announced that the board of directors meeting will be held on Friday, August 9, 2024, to consider and approve the unaudited comprehensive financial performance of the company and its subsidiaries for the six months ended June 30, 2024 for release and to consider the declaration of interim dividends (if any).
CHINANEWTOWN: DATE OF BOARD MEETING
Chinanewtown (01278.HK): The bank has agreed to extend the repayment date of the joint venture's current overdue principal and related penalties to July 31, 2024.
Chinanewtown (01278.HK) announced on July 25 that after discussions with banks, Xin Cheng Kai Yuan has sent a letter of application to the bank, which includes (i) an application to extend the repayment date of the overdue principal of RMB 20 million for the current period for joint ventures; (ii) Xin Cheng Kai Yuan agrees to coordinate the joint venture in fulfilling its payment obligation for the overdue principal during the extended period; (iii) and a request to restore the bank loan to normal status after the joint venture fulfills its payment obligation during the extended period. After further discussion, Xin Cheng Kai Yuan has received the bank's response.
Chinanewtown (01278): Xincheng Kaiyuan and Jiangsu Province Construction have agreed to jointly provide guarantees for bank loans and interest payments to joint ventures in proportion to their equity.
Chinanewtown (01278) announced that the company has recently received two letters, both from Agricultural Bank of China ...
China New Town Development's Portfolio Reaches Nearly 3 Billion Yuan as of June 30
Chinanewtown (01278.HK): As of June 30, the total amount of fixed income project investment portfolio was 2.744 billion yuan.
Chinanewtown (01278.HK) announced on July 8th that as of June 30, 2024, the total investment portfolio of the company's fixed-income projects after deducting impairments for risky projects was approximately RMB 2.744 billion. Excluding risky projects, other projects have an annualized pre-tax guaranteed investment income of approximately RMB 0.18 billion, with a corresponding average annual pre-tax ROI of approximately 6.5%. Compared with the company's investment portfolio as of March 31, 2024, the group added the Wuxi Guojin business factoring fixed income project and the Zhujian Pingfengwu Ecological Cemetery project in the second quarter.
CHINANEWTOWN To Go Ex-Dividend On July 12th, 2024 With 0.0034 HKD Dividend Per Share
June 21st (Beijing Time) - $CHINANEWTOWN(01278.HK)$ is trading ex-dividend on July 12th, 2024.Shareholders of record on July 15th, 2024 will receive 0.0034 HKD dividend per share on August 16th, 2024.
China New Town Development's VP Resigns