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China Great Land Holdings Ltd Announces Cessation Of Production At Sanya Pearl River Pile Co., Ltd And Hainan Huadi Building Material Co., Ltd


Wednesday, 20 Feb 2013 04:30am EST 

China Great Land Holdings Ltd announced that the group has decided to cease production at subsidiaries, Sanya Pearl River Pile Co., Ltd and Hainan Huadi Building Material Co., Ltd (the Subsidiaries) with immediate effect. In view of the continuing financial losses of the Subsidiaries and the slow down in the construction sector in Sanya, the Group has ceased production at the Subsidiaries so that the Group may control the losses and realign resources for better use. Following the cessation of production at the Subsidiaries, the Group will continue to manufacture and sell piles and other building materials, and provide piling services. 

Company Quote

0.0070
-0.0050 -41.67%
22 Jul 2014