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Last €0.28 EUR
Change Today -0.005 / -1.79%
Volume 5.0K
QIN On Other Exchanges
Hong Kong
As of 12:54 PM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).

qingling motors co ltd-h (QIN) Snapshot

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52 Week High
04/13/15 - €0.41
52 Week Low
10/13/14 - €0.22
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qingling motors co ltd-h (QIN) Details

Qingling Motors Co., Ltd., together with its subsidiaries, produces and sells Isuzu trucks in the People's Republic of China. The company offers light, medium, and heavy-duty trucks; pick-up trucks; and multi-purpose vehicles, as well as diesel and petrol engines, and automobile parts and accessories. It is also involved in the production of moulds for the manufacture of automobile parts. Qingling Motors Co., Ltd. also exports its products to Japan. The company is based in Chongqing, the People's Republic of China. Qingling Motors Co., Ltd. is a subsidiary of Qingling Motors (Group) Company Limited.

2,927 Employees
Last Reported Date: 09/17/15

qingling motors co ltd-h (QIN) Top Compensated Officers

General Manager and Executive Director
Total Annual Compensation: CNY267.0K
Deputy General Manager, Company Secretary and...
Total Annual Compensation: CNY508.0K
Executive Director
Total Annual Compensation: CNY371.0K
Compensation as of Fiscal Year 2014.

qingling motors co ltd-h (QIN) Key Developments

The Bank Initiates Legal Proceedings against Six Defendants Including the Customer and Qingling Motors Co. Ltd

The board of directors of Qingling Motors Co. Ltd. announced that, on September 29, 2015, the company has formally received a summon sent by the court on 25 September 2015, and pursuant to which the Bank, as the plaintiff, has initiated legal proceedings against six defendants including the customer and the company (the litigation) in the court. In the Litigation, the Bank alleged that the customer has failed to meet the margin calls according to the requirements under a credit agreement, constituting an event of default of such agreement. The Bank is also entitled to demand the customer to prematurely repay all the amount granted under the relevant credit facilities. The Bank further alleged that the company did not, as instructed by the Bank, deliver the vehicles that had not been picked up but paid by the customer in full with loan to the warehouse as specified by the Bank, leading to a breach of the relevant credit agreement, and should be jointly and severally liable to compensate for the losses it suffered. The bank stated that the outstanding credit balances due from the customer was RMB 38,021,000 in aggregate. The company has reviewed all the relevant documents and agreements in relation to the litigation and after having consulted its PRC legal adviser, the Board is of the view that the alleged liability in the litigation document is lack of factual and legal evidence and therefore the company shall not be liable. The first hearing of the litigation (the hearing) is scheduled to be held on 3 November 2015. The first hearing of the litigation is scheduled to be held on 3 November 2015. A deposit bank of the company (the Deposit Bank) informed the company that the company's bank balances of approximately RMB 79,999,000 with the Deposit Bank was frozen according to the civil ruling issued by People's Court of Futian District, Shenzhen, Guangdong Province in relation to a dispute in respect of a financial credit agreement which was entered into between the company's customer the customer, who is independent of the company and its connected persons and another bank (the Bank).

Qingling Motors Co. Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Qingling Motors Co. Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the quarter, the company reported revenue of RMB 2,977,524,000 against RMB 3,033,348,000 a year ago. Profit before tax was RMB 313,240,000 against RMB 282,090,000 a year ago. Profit for the period and total comprehensive income for the period attributable to owners of the company was RMB 265,638,000 or RMB 0.1070 per basic share against RMB 239,972,000 or RMB 0.0967 per basic share a year ago. Net cash from operating activities was RMB 335,527,000 against RMB 31,288,000 a year ago. Acquisition of property, plant and equipment was RMB 13675,000 against RMB 20,443,000 a year ago.

Qingling Motors Co. Ltd. to Report First Half, 2015 Results on Aug 26, 2015

Qingling Motors Co. Ltd. announced that they will report first half, 2015 results on Aug 26, 2015


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