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Delong Holdings Ltd (DELO.SI)

DELO.SI on Stock Exchange of Singapore

0.27SGD
24 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Delong enters into limited partnership agreement for subscription
Friday, 2 Sep 2016 05:10am EDT 

Delong Holdings Ltd : Entered into limited partnership agreement for the subscription by Delong Steel Limited of RMB40 million . The Shunwei fund is expected to have an aggregate capital commitment of up to RMB1.0 billion .  Full Article

Delong announces proposed business diversification and proposed investment
Tuesday, 23 Aug 2016 05:20am EDT 

Delong Holdings Ltd : The proposed business diversification and the proposed investment) . Proposes to diversify its core business to include investing in quoted and/or unquoted securities, as well as providing seed and mezzanine capital to private cos . Says Delong steel limited entered into a conditional sale and purchase agreement with zhang daili . Says the board expects the group's business to remain challenging . Group proposes to venture into the investment business . Deal for for an aggregate consideration of RMB60.0 million . Says the proposed investment will be funded through the internal resources of the company. .  Full Article

Delong Holdings issues profit guidance
Friday, 29 Jul 2016 05:07am EDT 

Delong Holdings Ltd : Profit guidance) . Says the company is expected to report a significant increase in net profit for 2q2016 . Expected increase in net profit is due to continued increase in sales volume . Expected increase in net profit is due to higher average selling prices of products sold,lower raw materials prices for production in 2q2016 .  Full Article

Delong Holdings Ltd completion of acquisition of balance equity
Tuesday, 5 May 2015 05:08am EDT 

Delong Holdings Ltd:Refers to its announcement March 31 (Announcement) in relation to the acquisition of the Balance Equity of Laiyuan County Aoyu Steel Co. Ltd (Target).The acquisition of the Balance Equity was completed on May 5 and the Balance Equity Consideration was finalised to be approximately RMB93.3 mln.Is yet to be determined, the parties have agreed that the Purchaser shall pay RM30 mln in advance for the Balance Equity Consideration with effect from the Balance Equity SPA and the parties shall transfer the Balance Equity on or prior to 5 April.  Full Article

Delong Holdings Ltd gives Q1 2015 net loss outlook
Thursday, 30 Apr 2015 05:30am EDT 

Delong Holdings Ltd:Expects to report a net loss for Q1 2015.The anticipated net loss in Q1 2015 is due to weaker steel prices; and lower sales volume.  Full Article