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Honghua Group Ltd (0196.HK)

0196.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Honghua Group enters legally binding heads of agreement
Friday, 28 Oct 2016 06:39am EDT 

Honghua Group Ltd <0196.HK> : Shanghai Honghua Offshore Oil & Gas Equipment Co., Ltd. Argo Lng Partners, Llc entered into a legally binding heads of agreement .Argo plans to purchase from honghua offshore a set of plng for a total consideration of approximately us$1.8 billion.  Full Article

Honghua Group issues profit warning<0196.HK>
Tuesday, 2 Aug 2016 05:17am EDT 

Honghua Group Ltd <0196.HK>: Group-profit warning <0196.HK> . Says group's loss for the six months ended 30 June 2016 is expected to increase substantially . Expected loss is primarily due to the fact that the international oil prices continuously fluctuated at low level .  Full Article

Honghua Group issues FY 2015 profit warning
Tuesday, 23 Feb 2016 01:56am EST 

Honghua Group Ltd:Says expected to record a loss for the year ended 31 December 2015.Expected loss is primarily attributable to the continuous fluctuation of the international oil prices at low level in 2015.  Full Article

Honghua Group Ltd unit receives contract
Sunday, 25 Oct 2015 06:06am EDT 

Honghua Group Ltd:Sichuan Honghua International Co., Ltd, a subsidiary, entered into three oilfield service agreements.Pursuant to agreement, Honghua International shall provide turnkey services to PDVSA in Lake Maracaibo region of Venezuela.Total consideration in relation to the transactions contemplated under the Service Agreements amounted approximately US$ 340 million.  Full Article

Honghua Group Ltd signs 760 mln Yuan construction agreement with LNG Power Shipping
Monday, 10 Aug 2015 01:31am EDT 

Honghua Group Ltd:Says that HH entered into shipbuilding contract with LNG Power Shipping Ltd in early Aug, with an aggregate amount of about 760 mln Yuan.According to contract HH will build and sell 200 sets of LNG power inland river ships with certain specifications including 700-ton ships, 950-ton ships and 1350-ton ships.It is expected to deliver all vessels by end of Sept. in 2016.  Full Article

Honghua Group Ltd signs $26 mln agreement to provide oilfield drilling services in Middle East
Friday, 17 Jul 2015 06:23am EDT 

Honghua Group Ltd:Has entered into an oilfield services agreement worth about $26.0 mln(about HK$201.5 mln) with an Iraqi client in early July.Pursuant to oilfield services agreement, HH will provide drilling services using two rigs which are expected to gradually begin operations in Aug. and Sept. 2015.In addition, oilfield services agreement also includes subsequent optional drilling services provided by HH.  Full Article