00476 EV DYNAMICS
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EV DYNAMICS News
In March, China's heavy truck market sold 106,000 vehicles, up 77% month-on-month
In March 2024, China's heavy truck market sold about 106,000 vehicles (invoicing caliber, including exports and new energy), up 77% from February, slightly down 8% from 115,000 vehicles in the same period last year, with a net decrease of about 9,000 vehicles.
The automotive sector of Hong Kong stocks continued to rise, and Dongfeng Group shares rose more than 12%
Gelonghui, March 18 | Dongfeng Group shares rose more than 12%, Kexuan Power Holdings rose more than 8%, and BAIC Motor and BYD shares rose one after another.
EV Dynamics Obtains Euro-Denominated Loan Facility
EV Dynamics Holdings (HKG:0476) secured a 594,339 euro loan facility from Monaco-based S.C.I SATO EV, according to a filing posted on the Hong Kong bourse on Tuesday. The facility, which will be used
Kexuan Power Holdings (00476) plans to obtain a loan of 594,300 thousand euros
According to the Zhitong Finance App, Kexuan Power Holdings (00476) announced that on March 12, 2024, the company signed a loan agreement with S.C.I. SATO EV (lender) to provide a loan of 594,300 euros (equivalent to about HK$5.082 million) for a period of three months from the date of the loan. Although the company continues to guarantee its working capital by requiring customers to pay a deposit before starting production of any purchase order, due to the cautious economic climate and the current high interest rate environment, the Group's customers have postponed purchase orders to maintain working capital, thereby affecting the Group's working capital
Kexuan Power Holdings (00476.HK) signs loan agreement with S.C.I. SATO EV
Gelonghui, March 12, 丨 Kexuan Power Holdings (00476.HK) announced that on March 12, 2024, the Company entered into a loan agreement with S.C.ISATOEV (the “Lender”) to provide a loan of 594,339 euros for a period of 3 months from the date of the loan. Due to the recent poor investment climate, the company faced difficulties in seeking financing opportunities to supplement working capital. Therefore, the company believes that loans can provide the Group with short-term working capital to maintain operations while continuing to negotiate and finalize any fund-raising opportunities. The total amount of loan proceeds is intended to be used as the general working capital of the Company.
EV DYNAMICS: Interim Report 2023/2024
EV Dynamics Holdings' H1 Attributable Loss Widens on Fair Value Losses; Shares Slump 4%
EV Dynamics Holdings' (HKG:0476) attributable loss widened to HK$99.3 million, or HK$0.107 per share, in the fiscal first half, from HK$38.3 million, or HK$0.042 per share, in the year-ago period, a W
Kexuan Power Holdings (00476) announced interim results. Shareholders accounted for losses of HK$99.291,000, an increase of 159.45% over the previous year
Kexuan Power Holdings (00476) announced interim results for the six months ended September 30, 2023, with a profit of 355...
EV DYNAMICS: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
EV Dynamics to Widen Fiscal H1 Loss
EV Dynamics Holdings (HKG:0476) expects an attributable loss of between HK$94.3 million and HK$104.2 million for the six months ended Sept. 30, versus HK$38.3 million in the year-ago period. The elect
Kexuan Power Holdings (00476.HK): Expected net loss of HK$94 million to HK$104 million in the medium term
Gelonghui November 23|Kexuan Power Holdings (00476.HK) announced that the Group expects to record losses attributable to company owners of about HK$94.3 million to HK$104.2 million in the six months ending September 30, 2023, compared with losses attributable to company owners of about HK$38.3 million in the same period last year. The increase in expected losses is mainly due to the increase in losses due to changes in the fair value of assets that include profit and loss at fair value compared to the same period in 2022.
EV DYNAMICS: PROFIT WARNING
Kexuan Power Holdings (00476.HK) plans to hold a board meeting on November 29 to approve the interim results
Gelonghui November 17丨Kexuan Power Holdings (00476.HK) announced that the company is scheduled to hold a board meeting on November 29, 2023 (Wednesday) to (including) approve the interim results of the company and its subsidiaries for the period ending September 30, 2023 and consider dividends (if any).
EV DYNAMICS: NOTIFICATION OF BOARD MEETING
EV Dynamics Gets New Buyer for Quantron Stake
EV Dynamics Holdings (HKG:0476) on Monday terminated a deal to sell its 4.9% equity interest in German e-mobility specialist Quantron to Swedish transportation service provider Nordicon Group for 5.64
Kexuan Power Holdings (00476.HK) plans to continue to seek opportunities to sell remaining interests in Quantron AG
Gelonghui November 13 | Kexuan Power Holdings (00476.HK) announced that on November 13, 2023, the first buyer entered into a termination agreement with the company, according to which (i) the first buyer agreed to irrevocably and unconditionally terminate its right to acquire previously pending shares from the company; and (ii) the first buyer and the company agreed that the total amount of money collected by the company of 900,000 euros from the company will not be refunded, and the company agreed to transfer the first share to the first buyer for sale to the first buyer, with 1.1% interest in Quantron AGON on the date of this announcement。 On the same day, the company bought in second place
EV DYNAMICS To Carry Out 1-for-10 Reverse Stock Split On October 13th, 2023
August 30th - $EV DYNAMICS(00476.HK)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 13th, 2023.$EV DYNAMICS(00476
EV DYNAMICS: Annual Report 2023
Kexuan Power Holdings (00476.HK): Mining rights held by Guangxi Weiri have been frozen to carry out judicial protection procedures relating to arbitration
On December 9, 2022, GLONGHUI | Kexuan Power Holdings (00476.HK) announced that on December 9, 2022, a contractor (“this contractor”) initiated arbitration against Guangxi Weili Mining Co., Ltd. (“Guangxi Weili”), a wholly-owned subsidiary of the Group. The contractor applied to the People's Court of Qingxiu District of Nanning City (“Qingxiu Court”) to pay a total contract amount of approximately RMB 2.5 million and related interest on the construction and exploration contract between Guangxi Weiri and the contractor in December 2014. On April 13, 2023, the Qingxiu Court held its first hearing on arbitration. unto
Kexuan Power Holdings (00476): The court of litigation against Guangxi Weiri Mining has yet to decide on arbitration
According to the Zhitong Finance App, Kexuan Power Holdings (00476) announced that on July 4, 2023, an employee of Guangxi Weiri received a notice from the Qingxiu Court to receive a notice from the Qingxiu Court dated June 12, 2023, regarding the lawsuit filed with Guangxi Weiri Mining Co., Ltd. The company's management received the notice on July 5, 2023. According to the notice, the mining rights for the Guangxi Caumang nitrite held by Guangxi Weiri have been frozen to carry out judicial protection procedures relating to arbitration for a period of 3 years from May 26, 2023 to May 26, 2026. According to information, on 2021/2
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