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Tong Oil Tools Co Ltd (300164.SZ)

300164.SZ on Shenzhen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tong Oil Tools sees 2016 Q1~Q3 net profit to be 5 mln-10 mln yuan
Friday, 14 Oct 2016 04:55am EDT 

Tong Oil Tools Co Ltd <300164.SZ> :sees 2016 Q1~Q3 net profit to be 5 million yuan to 10 million yuan, while net loss of Q1~Q3 in 2015(18.6 million yuan).  Full Article

Tong Oil Tools to acquire 16.5 pct stake in petroleum technology service company at 20.6 mln yuan
Friday, 30 Sep 2016 05:08am EDT 

Tong Oil Tools <300164.SZ>: Says it will invest 20.6 million yuan in a Songyuan-based petroleum technology service company .Says it will hold 16.5 percent stake in the target company after investment.  Full Article

Tong Oil Tools to sell 100 pct stake in petroleum technology unit at 7.9 mln yuan
Friday, 30 Sep 2016 05:04am EDT 

Tong Oil Tools <300164.SZ>:Says it will sell 100 percent stake in a Beijing-based petroleum technology subsidiary at 7.9 million yuan to a Beijing-based petrol engineering technology company.  Full Article

Tong Oil Tools completes fully acquiring YongChen Petroleum via private placement of new shares and cash payment
Tuesday, 19 Jul 2016 05:41am EDT 

Tong Oil Tools <300164.SZ>:Says it completed fully acquiring YongChen Petroleum via private placement of new shares and cash payment on July 13.  Full Article

Tong Oil Tools sees 2016 H1 net loss to be 15~10 mln yuan
Thursday, 14 Jul 2016 11:33pm EDT 

Tong Oil Tools Co Ltd <300164.SZ> : Sees 2016 H1 net loss to be 15 million yuan to 10 million yuan, and net loss of H1 of 2015 was 27.6 million yuan .Says influence from global oil market condition as main reasons for the forecast.  Full Article

Tong Oil Tools' unit to acquire Rush Wellsite Services
Friday, 24 Jun 2016 04:17am EDT 

Tong Oil Tools Co Ltd <300164.SZ> :Says unit signs letter of intent to acquire U.S.'s Rush Wellsite Services Inc for $22.5 million.  Full Article

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