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Key Developments: Tong Oil Tools Co Ltd (300164.SZ)

300164.SZ on Shenzhen Stock Exchange

8.23CNY
4 May 2016
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Latest Key Developments (Source: Significant Developments)

Tong Oil Tools announces no dividend payment for 2015
Thursday, 21 Apr 2016 08:00pm EDT 

Tong Oil Tools Co Ltd:To pay no dividend for 2015.  Full Article

Tong Oil Tools issues 2016 Q1 net loss outlook
Friday, 8 Apr 2016 04:39am EDT 

Tong Oil Tools Co Ltd:Sees net loss for 2016 Q1 to be 15,000,000 yuan to 20,000,000 yuan.Says the net loss of 2015 Q1 was 10,684,300 yuan.Comments that costs increase is the main reason for the forecast.  Full Article

Tong Oil Tools amends stake acquisition plan via shares issuance
Friday, 11 Mar 2016 06:10am EST 

Tong Oil Tools Co Ltd:Says amends to acquire 55 percent stake in Yong Chen Petroleum instead of buying 70 percent stake in a Shanghai-based software company and 55 percent in Yong Chen Petroleum.Says to issue 28.3 million shares of common stock and pay cash of 29 million yuan in exchange for the 55 percent stake.Says transaction price of 231 million yuan.Says to raise 50 million yuan via private placement for Yong Chen Petroleum's development.Says Zhang Chunlong's stake in the company will rise to 3.4 percent (14,865,061 shares) from 0 percent.  Full Article

Tong Oil Tools to acquire 17.9 pct stake in Beijing Yilong Hengye
Thursday, 3 Mar 2016 07:00pm EST 

Tong Oil Tools Co Ltd:Says to buy 17.9 percent stake in Beijing Yilong Hengye, which is a petrol engineering technology company.Says transaction price of 500 million yuan.  Full Article

Tong Oil Tools signs equity purchase intention agreement
Tuesday, 23 Feb 2016 05:33am EST 

Tong Oil Tools Co Ltd:Signs equity purchase intention agreement with Sun Anshun.Sun Anshun will transfer 60 pct ~70 pct stake in Daqing-based chemical company to the company.  Full Article

Tong Oil Tools to withdraw stake acquisition
Sunday, 31 Jan 2016 07:00pm EST 

Tong Oil Tools Co Ltd:Says the company to withdraw stake acquisition and fund raising.Says the previous plan was announced on Sep. 17, 2015, which said transaction price for stake acquisition is 736 million yuan and proceeds raised via private placement is 410 million yuan.  Full Article

Tong Oil Tools issue 2015 net loss outlook below I/B/E/S estimates
Sunday, 31 Jan 2016 07:00pm EST 

Tong Oil Tools Co Ltd:Says net profit outlook for 2015 to be -35 million yuan to -30 million yuan.Says the net profit of 2014 was 11.9002 mln yuan.Says that decreased oil price is the main reason for the forecast.2015 reported net profit of -6 million yuan – Thomson Reuters I/B/E/S.  Full Article

Tong Oil Tools to provide loan guarantee for subsidiary
Tuesday, 22 Dec 2015 03:10am EST 

Tong Oil Tools Co Ltd:To provide loan guarantee of up to 100 million yuan for a Xi'an-based wholly owned subsidiary, which is engaged in research, development, design, production and sale of petroleum exploration and development related equipment.Loan guarantee is with a term of two years.  Full Article

Tong Oil Tools jointly sets up fund
Monday, 9 Nov 2015 03:12am EST 

Tong Oil Tools Co Ltd:Set up petroleum industrial merger & acquisition fund with Beijing-based asset management company.  Full Article

Tong Oil Tools to jointly set up fund
Monday, 26 Oct 2015 05:02am EDT 

Tong Oil Tools Co Ltd:To jointly set up petroleum industrial merger & acquisition fund with Beijing-based asset management company.Fund size of up to 1 bln yuan.  Full Article

BRIEF-Tong Oil Tools' unit to sell off U.S. assets after oil price swings

* Says U.S. unit to sell off U.S. assets to Grove Truck & Equipment, Blake Fulenwider

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