Key Developments: Tri-Tech Holding Inc (TRIT.W)
1.42USD
24 May 2013
$0.03 (+2.16%)
$1.39
$1.42
$1.42
$1.42
100
56
$4.55
$1.37
Latest Key Developments (Source: Significant Developments)
Tri-Tech Holding Inc Secures Multiple Contracts In First Quarter Of 2013
Tri-Tech Holding Inc announced that it has secured multiple contracts during the first quarter of 2013 in all three reported business segments. The total value for the awarded contracts was approximately $9.56 million equivalent to RMB 60.2 million. Full Article
Tri-Tech Holding Inc Wins $2.8 Million Chengdu Water Works Equipment Service Contract
Tri-Tech Holding Inc announced the Company won an equipment procurement and servicing contract for the phase 1 project of Chengdu No. 7 Water Works under construction in Sichuan Province. The contract value totaled $2.8 million (approximately RMB17.6 million). According to the contract, Tri-Tech will be responsible for design, procurement, installation, operation troubleshooting and maintenance of all automated control equipment and instruments for two water intakes, source water pipes, treated water pipes and operation of water purification facilities for the phase 1 of Chengdu No. 7 Water Works project. Tri-Tech expects the project will be completed by the end of April 2013. Full Article
Tri-Tech Holding Inc Announces Management Change-Form 8-K
Tri-Tech Holding Inc reported in its Form 8-K that Mr. Warren Zhao is Chairman. He has served as Chief Executive Officer and Joint Chief Executive Officer. Mr. Cheng was appointed as Joint CEO of the Company, effective March 13, 2012, and as Chief Executive Officer (CEO) on December 28, 2012. Mr. Dong is Chief Operating Officer. Mr. Dong was Chief Financial Officer (CFO) from 2006 through his appointment as Chief Operating Officer. Mr. Fan is Chief Financial Officer (CFO) and President of international subsidiaries and affiliates (Tri-Tech Infrastructure, LLC in the US, Tri-Tech Infrastructure (India) Pvt. Ltd. and Tri-Tech India Pvt. Ltd.). He was previously President of the Company. Full Article
Tri-Tech Holding Inc Wins Multiple Contracts In Water And Water Resources Management
Tri-Tech Holding Inc announced that it has secured several contracts for wastewater treatment, high-rising building water supply equipment procurement and flash flood forecasting projects. The aggregate value of all contracts is approximately $3.2 million (approximately RMB 20.15 million ). Full Article
Tri-Tech Holding Inc Issues Q4 2012 Guidance
Tri-Tech Holding Inc announced that for the fourth quarter of 2012, it expects revenues to be around $80 million. Assuming the weighted average number of diluted shares remains the same, expect earnings per share (EPS) to be around $0.04. Full Article
Tri-Tech Holding Inc Receives $1.42 Million Flash Flood Forecasting And River Hydrologic Monitoring Contracts
Tri-Tech Holding Inc announced that it has secured contracts for flash flood early warning and small river hydrologic monitoring projects in two provinces in China. The projects total approximately $1.42 million (approximately RMB 8.95 million). According to the terms of the contracts, the Company will restore flash flood monitoring and forecasting systems, which were severely damaged during a hailstorm, for Minxian County in Gansu Province. In addition, the Company will implement small river hydrologic monitoring systems in two regions in Heilongjiang Province. The Company will produce and procure equipment, develop software, install and troubleshoot the systems and provide technical training to customers. These two projects are scheduled for completion by the end of December 2012. Full Article
Tri-Tech Holding Inc Issues $7.89 Million In Corporate Bonds
Tri-Tech Holding Inc announced that its it has completed a financing transaction underwritten by the Bank of Nanjing to issue corporate bonds of RMB 50 million (approximately $7.89 million). The transaction closed on September 26, 2012 and the Company has received the proceeds of the financing. According to the terms of the corporate bonds issued by Tri-Tech (Beijing) Co. Ltd., a subsidiary of Tri-Tech Holding Inc., Tri-Tech will issue investors corporate bonds for capital of $7.89 million with a maturity of three years and a coupon of 6.2%. The Beijing Capital Investment & Guarantee Co. Ltd. ("Capital Guarantee") will guarantee the bonds. Full Article
Tri-Tech Holding Inc Receives Multiple Contracts in Water, Wastewater Treatment and Pollution Control
Tri-Tech Holding Inc announced that it has secured seven contracts for wastewater, water treatment, water supply equipment procurement and industrial gas emission control projects. The aggregate value of all contracts is approximately $2.08 million (approximately RMB13.18 million). According to the contracts, the Company will provide system procurement services of industrial wastewater and sewage treatment, hot water softening, water supply to multiple customers including a tourist attraction in Tengchong city of Yunnan Province, Shichuang Water Supply Company in Shenyang and, in Beijing, a real estate development project, a manufacturing facility for an internationally recognized automaker, and No.39 Middle School. In addition, the Company will implement a volatile organic compounds control system for a chemical workshop for Dongbao Biotechnology Co. Ltd. in Baotou city of Inner Mongolia. Tri-Tech expects to complete all the seven projects by December 2012. Full Article
Tri-Tech Holding Inc Reaffirms FY 2012 Guidance
Tri-Tech Holding Inc announced that it is reaffirms its previously announced guidance for fiscal 2012. Revenues are expected to be between $103 million to $128 million. Net income will likely be between $9.7 million and $12.1 million. Assuming the weighted average number of diluted shares remains the same, the Company expect earnings per share EPS to be between $1.18 and $1.47. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $107 million, net income of $10.33 million and EPS of $1.24 for fiscal 2012 Full Article
Tri-Tech Holding Inc Wins $8.06 Million Flash Flood Forecasting And River Hydrologic Monitoring Contracts
Tri-Tech Holding Inc announced that it has secured contracts for flash flood early warning and small river hydrologic monitoring projects in ten provinces and municipalities in China. The projects total approximately $8.06 million (approximately RMB 50.96 million). Full Article
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