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Delong Holdings Ltd (DELO.SI)

DELO.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Delong Holdings expects loss for Q4 2016
Tuesday, 21 Feb 2017 04:19am EST 

Delong Holdings Ltd : Expected to report a loss for 4Q2016, and a net profit for FY2016 .Anticipated loss is due mainly to an impairment charge on group's subsidiary, Laiyuan County Aoyu Steel Co., ltd.  Full Article

Delong's unit enters sale and purchase deal in relation to disposal
Wednesday, 25 Jan 2017 04:08am EST 

Delong Holdings Ltd : Unit entered into a conditional definitive sale and purchase agreement with Thai Minority Shareholders and Chusak Yongvongphaiboon in relation to proposed disposal .Aggregate consideration for sale shares will be 385 million baht.  Full Article

Delong says Aoyu Steel may be required to reduce its steelmaking output
Wednesday, 18 Jan 2017 04:25am EST 

Delong Holdings Ltd : Aoyu steel may be required to reduce its steelmaking output in view of capacity reduction plans .Aoyu steel may be required to reduce its steelmaking output and it may adversely affect financial position of group.  Full Article

Delong says unit entered MOU with minority shareholders of Delong (Thailand)
Wednesday, 21 Dec 2016 05:43am EST 

Delong Holdings Limited : The Proposed Disposal Of The Group's Entire Stake In Delong (Thailand) Co . unit entered into a binding memorandum of understanding with other minority shareholders of delong thailand . proposed disposal will involve disposal of group's entire equity interest in delong thailand, comprising 5.5 million ordinary shares to thai minority shareholders .aggregate consideration for sale shares will be 385 million baht.  Full Article

Delong Holdings says Delong Steel will be carrying out maintenance on one of its blast furnaces
Monday, 31 Oct 2016 05:06am EDT 

Delong Holdings Ltd : Delong Steel will be carrying out major maintenance on one of its three blast furnaces . Maintenance exercise is expected to cost approximately rmb80.0 million . maintenance exercise is scheduled to commence on 1 november 2016 and will take approximately 80 days to complete . Furnace is expected to resume operations by end of january 2017 . group's production capacity will be reduced by approximately 126,000 tonnes and 42,000 tonnes in 4q2016 and 1q2017 respectively . maintenance exercise is expected to reduce co's revenue by about rmb270.0 million and rmb90.0 million in fy2016 and fy2017 .furnace is expected to resume operations by end of january 2017..  Full Article

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

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