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South Sea Petroleum Holdings Ltd (0076.HK)

0076.HK on Hong Kong Stock

0.07HKD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

South Sea Petroleum terminates transaction related to formation of joint-investment graphite co
Tuesday, 18 Apr 2017 06:27am EDT 

April 18 (Reuters) - South Sea Petroleum Holdings Ltd ::Termination of a discloseable transaction .Both MGL and GSL agreed to unconditionally release each other from joint-investment plan.South sea petroleum holdings ltd - termination of a transaction in relation to formation of a joint-investment graphite company.South sea petroleum - termination agreement was signed regarding establishment of joint-investment company for producing graphite products.South sea petroleum holdings ltd - company decided to establish a wholly-owned subsidiary to develop graphite business.South sea petroleum holdings ltd - company will use us$6 million as working capital for new wholly-owned subsidiary.  Full Article

South Sea Petroleum Holdings Company expects that loss is larger in 2016
Friday, 17 Mar 2017 05:57am EDT 

South Sea Petroleum Holdings Ltd <0076.HK> : Company expects that loss is modestly larger in 2016, compared to loss in 2015. .Expected result due to higher wage costs because of new government wage regulations.  Full Article

South Sea Petroleum Holdings expects to record a loss from its normal operations for FY
Thursday, 16 Mar 2017 05:10am EDT 

South Sea Petroleum Holdings Ltd <0076.HK> :Expected that group will record a loss from its normal operations for year ended 31 december 2016.  Full Article

South Sea Petroleum enters into amendment agreements with graphite ore supplier and the buyer
Monday, 3 Oct 2016 06:01am EDT 

South Sea Petroleum Holdings Ltd <0076.HK>: Global select limited has respectively entered into amendment agreements with madagascar graphite limited and buyer . Parties agree that purchase price of 1.76 million tons of graphite ore will be used to offset deposit that gsl paid to mgl Source (http://bit.ly/2dkum0O) Further company coverage: [0076.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

South Sea Petroleum issues business update<0076.HK>
Wednesday, 3 Aug 2016 04:41am EDT 

South Sea Petroleum Holdings Ltd <0076.HK>: Agreement dated 23 may 2016 entered into between global select and independent third party buyer now under implementation . Company has received HK$10 million irrevocable earnest money from the buyer . Memorandum was signed between GSL and madagascar graphite; GSL shall pay MGL US$432 million as a partial purchase price .  Full Article

South Sea Petroleum Holdings updates on deal regarding graphite ore<0076.HK>
Monday, 23 May 2016 05:39am EDT 

South Sea Petroleum Holdings Ltd <0076.HK>: On 23 may 2016, an agreement was entered into between global select limited and the independent third party buyer . Buyer shall buy in aggregate 80 million tons graphite ore from gsl . Buyer shall pay gsl hk$10 million non-refundable earnest money, until buyer complete purchase of ore .  Full Article

South Sea Petroleum says GSL and MGL entered graphite ore supply agreement<0076.HK>
Monday, 16 May 2016 04:29am EDT 

South Sea Petroleum Holdings Ltd <0076.HK>: Gsl and mgl entered into a graphite ore supply agreement . Mgl shall exclusively supply large flake graphite ore to gsl at a preferential price for 20 years .  Full Article

South Sea Petroleum updates on trading and acquisition with MGL<0076.HK>
Thursday, 12 May 2016 06:18am EDT 

South Sea Petroleum Holdings Ltd <0076.HK>: Termination of very substantial acquisition with MGL and resumption <0076.HK> . Application has been made to stock exchange for resumption of trading of company's shares with effect from 9:00 a.m. on 13 may 2016 .  Full Article

South Sea Petroleum says MGL and GSL to establish a new company<0076.HK>
Thursday, 12 May 2016 05:09am EDT 

South Sea Petroleum Holdings Ltd <0076.HK>: Says MGL and GSL entered into the agreement to establish a new company for producing graphite products . Says paid up capital of the new company shall be US$40 million .  Full Article

South Sea Petroleum Holdings Ltd issues Fy 2015 profit warning
Thursday, 10 Mar 2016 03:39am EST 

South Sea Petroleum Holdings Ltd:Says it is expected that the group will record a loss from its normal operations for the year ended 31 December 2015.Expected result due to expected falling of oil price in the world market and other factors.  Full Article

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