[Selection of Hong Kong Stock Announcement] Sunac’s US dollar bond default, Li Auto’s contract-breaking school enrollment, and Hengchi 5 car booking phone number are actually empty
[Major announcement]
Sunac China failed to pay interest on a US dollar debt within a 30-day grace period
On May 11, according to the surging coverage, Sunac China told investors that it is still trying to pay the coupon of four US dollar bonds due in May totaling 98.56 million US dollars, but also stressed that the difficulty of payment is very large and difficult to solve.
The Paper learned that a coupon on a SUNAC $7.95 10/11/23 bond was supposed to be paid on April 11, totaling $29.50 million, but Sunac did not pay after the interest payment date. According to the prospectus, Sunac China has a 30-day grace period to pay the above debt interest to avoid default, and the last day of the 30-day grace period is May 11. As of press time, investors said they had not yet received the coupon paid by Sunac.
The US Dollar Bond was issued by Sunac China in 2019. On April 9, 2019, Sunac China announced the issuance of US Dollar Bond with 7.95% annual interest rate of US $750 million due October 2023. The announcement shows that the Notes will mature on October 11, 2023 unless redeemed in advance according to the terms of the Notes. The Notes will bear interest at 7.95% annual interest effective April 11, 2019. Interest will be paid semi-annually from October 11, 2019, that is, on April 11 and October 11 each year.
It is reported that Li Auto broke the contract with the school’s enrollment due to the adjustment of the business structure
Recently, according to Sina Technology, ifeng.com Technology and other media reports, some users revealed on Maimai and other platforms that Li Auto had defaulted on some of the school admissions for graduation in 2022 in May, and many of them had signed a tripartite agreement with Li Auto and the school, preparing to wait for the graduation defense to be completed.
Image source: Internet
In response to the "termination of the school enrollment offer", Li Auto responded that Li Auto has made business adjustments and some positions have been closed, which involves some school enrollment partners who have not yet joined this year.
Li Auto also said that in view of the inconvenience that may be caused to these students to find jobs again, it provides a plan for transfer selection and compensation for termination of the contract. Regarding compensation, considering the information of various majors and job directions, relevant students have been recommended to other business positions for re-transfer interviews. For students who do not have suitable positions, compensation for one month’s salary will be provided, which exceeds the amount of liquidated damages signed in the agreement.
It is reported that Li Auto’s business adjustments mainly involve camera self-research and internal systems. As for the proportion of school enrollment involved, Li Auto replied that "it is not convenient to inform the specific number for the time being".
It is reported that Hengda Automobile has blindly ordered more than 50,000 cars in 10 hours, and the media has verified that the official phone number is actually empty
On May 9, it was reported that Hengda Automobile’s Hengchi brand had recently opened pre-sale, and the order reached 50,000 within 10 hours after the "blind order".
Once the news was exposed, it caused widespread discussion among netizens. Some netizens said that they did not see the car booking entrance of Hengchi 5, and questioned the data of "10-hour blind booking 50,000". After all, even Wuling Hongguang MINI EV, Tesla Model Y and other phenomenal products did not have such exaggerated orders after the pre-sale at that time.
Subsequently, some media plans to verify with Hengda Automobile, but it is embarrassing that the official Hengchi new energy vehicle phone number and related numbers are empty or cannot be connected.
Log in to the official website of Hengchi Automobile and find that the website only has a button to "make an appointment now" for the Hengchi 5 model, but the reservation method only needs to leave personal information such as contact information, and there is no content related to ordering and payment.
Therefore, from the current situation, the news that "Hengchi Auto Pre-sale 10-hour order surge 50,000" is not supported by any data, nor is there any official news that Hengchi Auto has opened pre-sale.
Blue Moon becomes the official exclusive supplier of the 31st Summer Universiade
On May 10, the signing ceremony of the official exclusive supplier of the 31st Summer Universiade and the new product launch conference were successfully held in Chengdu. At the meeting, Blue Moon announced that it officially joined hands with the Chengdu Universiade to become the official exclusive supplier of the 31st Summer Universiade, and released the new blue moon sports laundry detergent series. This move demonstrates Blue Moon’s leading position in the daily chemical industry and will further strengthen the thickness of the company’s moat.
Gao Jianfeng, founding partner of Shanghai Bogai Consulting, said in an interview with the "Securities Daily" reporter that Blue Moon signed a contract with the Universiade to strengthen the brand appeal in the field of laundry detergent and expand its influence in the eyes of young consumers, especially those who have stronger demands for sports health and environmental protection. This is also an important measure for Blue Moon to continue to maintain brand vitality. At the same time, the launch of new sports products will further enrich Blue Moon’s product matrix and enhance Blue Moon’s core competitiveness.
Geely Automobile completes the signing of the Sustainable Finance Framework and will continue to promote green finance practices
On May 11, Geely Automobile completed the construction and released the "Sustainable Finance Framework", which has obtained the "Environmental, Social and Governance" (ESG) rating of the international capital markets authority and the third-party opinion of the research agency Sustainalytics. The framework is also applicable to Geely Automobile’s future issuance of green, social and sustainable development bonds and loans and other financing instruments.
The release of the Sustainable Finance Framework will help Geely Automobile obtain appropriate financing arrangements for its sustainability projects, fulfill Geely Automobile’s commitment to sustainability, and align the company’s financing strategy with global best practices in ESG debt issuance.
In addition, green finance will further enhance the company’s financing efficiency, reduce debt financing costs, and expand the company’s diverse financing channels, enabling Geely Automobile to continue to maintain its advantages in financing categories and costs.
[Financial report data]
1. People’s Insurance Group of China: PICC’s original insurance premium income 186.852 billion yuan in the first 4 months.
2. China Property and Casualty Insurance: The original insurance premium income of 186.852 billion yuan in the first four months increased by 10.3% year-on-year.
3. Shenwei Pharmaceutical: Quarter 1 turnover reached 878 million yuan, an increase of 18.0%.
4. H & H International Holdings: Released first quarter results, with total revenue of 2.683 billion yuan, an increase of 11.5% year-on-year.
5. CGN New Energy: The cumulative power generation in the first four months was 6,210.1 gigawatt-hours, an increase of 1% year-on-year.
6. Cathay Pacific Airways: 40,800 passengers in April, an increase of 82.2% year-on-year.
7. Grand Hotel: Released first quarter operating data The Peninsula Hotel Hong Kong has a room occupancy rate of 9%.
8. Xinli Holding Group: The contract sales in the first 4 months are about 1.308 billion yuan.
9. Greenland Hong Kong: Contract sales in the first four months were about 4.385 billion yuan.
10. Longhu Group: The cumulative contract sales amount in the first 4 months is 31.43 billion yuan.
11. Jiangshan Holdings: The total power generation of the solar power station 172,000 MWh in the first 4 months.
Unified enterprise China: released the first quarter results, after-tax profit of about 329 million yuan, down 12.8%.
13. Foxconn Group: Quarter 1 results loss of $18.80 million decreased by about 50.58% year-on-year.
14. Zaiding Pharmaceutical-SB: The first quarter results were released, and the net loss attributable to shareholders was 82.394 million US dollars, a year-on-year narrowing of 64.62%.
15. Wynn Macau: Releasing the first quarter results, the net loss attributable to shareholders was approximately US $188 million, an increase of 16.89% year-on-year.
[Repurchase and Cancellation]
Ping An: May 11 299 million yuan to buy back 6.697 million shares.
2. Skyworth Group: repurchased 9.87 million shares on May 11.
3. AIA: Repurchase of 2.2474 million shares on May 11.
4. HSBC Holdings: A total of 1.7456 million shares were repurchased on May 10.
5. Standard Chartered Group: Repurchase 1.906 million shares on May 10.
6 (): May 11 55.813 million yuan to buy back 2.20 million shares.
7. JD.com Health: On May 11, it cost about HK $2212.95 million to buy back 530,700 shares.
8. GF Securities: On May 11, 2164.14 million yuan was spent to repurchase 1.3566 million class A shares.
9. Hysan Industrial: On May 11, it spent 2.3037 million Hong Kong dollars to buy back 100,000 shares.
10. Guotai Junan International: On May 11, it cost about 1.8687 million Hong Kong dollars to buy back 2.225 million shares.
11. Shuncheng: On May 11, it spent about 1.4433 million Hong Kong dollars to buy back 3 million shares.
12. Harmony Auto: Buy back 286,500 shares 1.0148 million HK $on May 11.
13. China Biopharmaceuticals:: The Trustee purchased 10 million shares under a restricted share award program.
14. PAX Global: Cancelled 2.104 million shares and repurchased shares on May 11.
15. Baoye Group: 2098.8 shares were cancelled on May 11.
16. Simcere Pharmaceuticals: 6.81 million shares were granted in respect of the Restricted Share Unit Scheme on 11 May.
[Equity change]
1. Chizicheng Technology: The shareholder Spriver Technology Limited increased its holdings of 100,000 shares.
Baoxin Financial: The controlling shareholder sells a 1.72% stake in the company.
3. Mengniu Dairy: A total of about 1.1542 million shares issued.
[Dividends]
1. Fast Retailing: It is planned to pay an interim interest of approximately HK $0.17 per Hong Kong Depositary Securities on May 20.
2. China Tower: plans to pay a final dividend of HK $0.03097 per share on June 30.
3. Budweiser Asia Pacific: A final dividend of HK $0.2368 per share will be paid on June 22.
4 (): A final dividend of HK $0.1234 per share will be paid.
5 (): H shares will pay a final cash dividend of 10 yuan per 10 shares on June 17.
[Asset changes]
1. Bonhams Commercial: Acquired an office building in Shanghai.
2. BGI Hotel: Subsidiary proposed to acquire the "Ting Lan Ju" Hotel in Hong Kong for HK $1.421 billion.
3. BGI HOTEL: The subsidiary intends to sell the "Luxury Metropolis Hotel" in Hong Kong not exceeding HK $920 million.
DXN China: Subsidiary plans to sell 54.54% of Hangzhou Haiyan Technology for 454 million yuan.
[Guaranteed Loan]
1. Minmetals Properties: Granted a revolving loan facility of HK $700 million.
2. Minmetals Real Estate: Received a loan of 800 million Hong Kong dollars.
[Capital increase and capital injection]
1. First Cheng Holdings: The total amount of subscribed capital of Shunyi Science and Technology Innovation was expanded to 2.02 billion yuan by the partnership.
2. Zhejiang Huhang Yong: Zhejiang Merchants Futures Mixed Reform Introduced () and other six investors and signed a capital increase agreement.
3. Tianjin () shares: plans to add 20.91 million yuan to Linxia City Entrepreneurship Water.
40 quadrillion City Jiaye: It is planned to establish a joint venture with the business operations management of Sanya Travel and Culture Group.
[Other]
1. China Transportation Construction: Signed an asset replacement and issue of shares to purchase assets agreement with China Urban and Rural, () on the proposed asset restructuring
2. China Building Materials: Qilian Mountain entered into an indicative agreement on asset restructuring with () and China Urban and Rural.
3 trillion Ophthalmology-B: Exclusive licensing agreement for commercialization of BRIMOCHOL PF and Carbachol PF for presbyopia in Greater China, South Korea and selected South East Asia markets.
4. Fuhong Hanlin: entered into a licensing agreement with EUROFARMA for rituximab injection and other drugs.
5. NIO-SW: The expected listing date for the proposed second listing on the Singapore Exchange is May 20.
6. Yum China-S: Announcement with Yum! Brands on the dispute over the payment of concession fees for delivery fees and commissions for third-party delivery platforms.
7. Xingkerong Pharmaceutical: has entered into a series of agreements under the VIE contractual arrangement.
8. Shandong () shares: class A shares trading abnormal fluctuations main business without major changes.
9. Convergence Technology: A wholly-owned subsidiary has been established in Hong Kong to conduct server business.
10 () shares: and subsidiaries received a total of 36.2908 million yuan in government subsidies.
11. Shengye: A new round of supply chain technology platform cooperation with China Construction Bank Shenzhen Branch was officially approved.
12. Goree Pharmaceuticals-B: ASC22 clinical trial application was approved by the US FDA.
13 (): Entered into the "Goods and Services Framework Agreement" with CIMC Leasing.
14 () shares: 1.69 million shares pledged by shareholder Lv Xiangyang and 2.70 million shares released.
15. Yogao Holdings: Acquired 75% of the shares of Mastercress International and made a 57.82% cash offer at a discount. It resumed trading on May 12.