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Xinyi Group: date of board meeting
Sunevision Unit Signs Security System Contracts with Lik On for MEGA Gateway Project
02:11 AM EDT, 06/30/2022 (MT Newswires) -- Sunevision Holdings' (HKG:1686) iAdvantage unit agreed to the security system works contracts with Lik On Security for the MEGA Gateway building development
Xinyi Network Group (01686.HK): interconnection advantage is entering into further security system engineering contract with Lian in stages.
Gelonghui Group (01686.HK) announced that Interconnection advantage is entering into a further security system engineering contract with Lian in stages (the first contract was concluded on June 29th, 2022). According to this, Lian should carry out, be responsible for and complete further security system engineering for a total contract amount of not more than HK $9.01 million. The project includes a development project to build the building into a high-end data center. The building is located at MEGA Gateway of Ma Kok Street, Tsuen Wan, New Territories, Hong Kong (registered in the Land Registry as Tsuen Wan Town lot No. 428).
The subsidiary interconnection advantage of Xinyi net Group (01686) is entering into a further security system engineering contract with Lian in stages.
Zitong Financial App News, Xinyi net Group (01686) announced that the company's affiliated interconnection advantage is entering into a further security system engineering contract with Lian in stages (the first contract was concluded on June 29, 2022). Lian should carry out, be responsible for and complete further security system engineering for the project. Interconnection advantage the total contract amount payable to Lian under the further security systems engineering contract will not be more than approximately HK $9.0113 million. The start date of further security systems engineering is expected to be the second half of 2022. Further security system engineering is expected in the second half of 2023
Xinyi Network Group (01686.HK) receives HK $2 billion loan
On June 29th, 01686.HK announced that on June 29th, the company's wholly-owned subsidiaries, Hongwei Development Co., Ltd. (borrower) and the company (as guarantor), signed a commitment financing agreement with Bank of China Ltd. (Hong Kong) Limited (as lender). The bank agrees to provide the borrower with (a) a term loan of not more than HK $1 billion and (b) a revolving loan of not more than HK $1 billion in accordance with the terms and conditions of the financing agreement to provide the borrower with an existing loan facility of not more than HK $2 billion in 2017.
The subsidiary of Xinyi Group (01686) received a loan of not more than HK $2 billion.
Zhitong Financial App News, Xinyi.com Group (01686) issued an announcement. On June 29th, 2022, subsidiary Grand Development Limited (borrower) and the company (as guarantor) signed a commitment financing agreement with Bank of China Ltd. (Hong Kong) Limited, the bank agreed to provide the borrower with a term loan of not more than HK $1 billion and a revolving loan of not more than HK $1 billion in accordance with the terms and conditions of the financing agreement.
A-share change | 1686.HK Group (Xinyi) rose 4.5% to HK $8.3
On June 1, the share price of Xinyi Network Group (1686.HK) was consolidated at a high level, which is now trading at HK $6.42, an increase of 4.56%, with a total market capitalization of HK $15.012 billion. Morgan Stanley released a research report, I believe that the share price of Xinyi Group will rise within 15 days, this probability is expected to be more than 80%, the rating "overweight", the target price of 8.3 Hong Kong dollars.
Morgan Stanley: stock price of 1686.HK will be upgraded within 15 days.
Morgan Stanley released a research report, believing that the share price of Xinyi Group (1686.HK) will rise within 15 days, with a probability of more than 80%, with a rating of "overweight" and a target price of HK $8.30. The report said that Xinyi's share price was expected to rise because of its successful appeal to the Hong Kong Science and Technology Parks Corporation, which accused a number of data centre operators in Tseung Kwan O Industrial Estate of violating lease restrictions by acquiring land at well below market prices and then subletting, arguing that the incident would encourage full compliance, fair competition and healthy pricing in the Hong Kong IDC market, and would prove beneficial to the current IDC service provider Xinyi. Dama pointed out that
Morgan Stanley: give Xinyi Group (01686) "overweight" rating target price of HK $8.30
Zhitong Financial APP learned that Morgan Stanley released a research report saying that it gave Xinyi Group (01686) an "overweight" rating. It is believed that the share price will rise within 15 days. The probability of occurrence is expected to exceed 80%, with a target price of HK $8.30. The bank expects the company's share price to rise because of its successful appeal to the Hong Kong Science and Technology Parks Corporation, which accused a number of data centre operators in Tseung Kwan O Industrial Estate of violating lease restrictions by acquiring land at well below market prices and then subletting. The bank believes that this incident will encourage full compliance, fair competition and healthy pricing in the IDC market in Hong Kong, China, and will prove new ideas for current IDC service providers.
Selected announcement | KE Holdings Inc. intends to list in Hong Kong by way of introduction; JD.com will pay a special dividend of US $0.63 per share on June 8.
China Nonferrous Mining expects profits to rise 33 per cent to US $105 million in the first three months; Haichang Ocean Park has reached a strategic partnership with Sunny World of Vietnam; and BeiGene, Ltd. Beilituo has been approved for the treatment of recurrent or refractory precursor B-cell acute lymphoblastic leukemia in children.
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