Jiangsu Xiuqiang Glasswork <300160.SZ>: Sees net profit for 2016 up 87 percent to 112 percent, or to be 113 million yuan to 128 million yuan . Says the net profit of 2015 was 60.5 million yuan .Comments the development of sales of home appliances glass products and including new company into consolidated statements are the main reasons for the forecast.
Bookrunner: Placing of shares in Forterra Plc . LSF9 Concrete II Ltd, has agreed to sell approximately 20 million ordinary shares in company . Placing via an accelerated bookbuild through Peel Hunt and Numis Securities Ltd . Placing shares represent approximately 10 pct of company's issued share capital . Proceeds of placing are payable in cash and will be settled on a T+5 basis, and closing of placing is expected to occur on or about Jan. 13, 2017 .Forterra will not receive any proceeds from placing.
Grafton :Group revenue for 2016 was 2.51 billion stg, an increase of 13.4 per cent on revenue of 2.21 billion stg in 2015 and 10.4 per cent in constant currency..
Muehl Product & Service AG :In the insolvency proceedings of Müuehl Product & Services AG i.L. the district court Erfurt confirmed the insolvency plan on 12.01.2017.
Ho Hup Construction Company Bhd : Awarded a contract by DSE for the supply of machinery, equipment, tools, labour and material . Deal for a contract sum of 221.4 million rgt .The contract is expected to contribute positively to the group's future earnings and net assets.
Lara Exploration Ltd : Lara updates progress of permitting and development work at the maravaia copper deposit in Northern Brazil . Lara Exploration -tessarema has been issued with installation license for tailings facility and filed its feasibility study with department of mines .Lara Exploration Ltd says tessarema's consultants are currently working to secure operating licenses that will allow start of commercial production.
Tangshan Jidong Cement Co Ltd <000401.SZ> : Sees net profit for 2016 to be 20 million yuan to 80 million yuan . Says the net loss of 2015 was 1.72 billion yuan .Says that cost reduction, increased sale volume and increased gross margin rate in core businesses as main reasons for the forecast.
Imerys SA : Announces today the placement of a 600 million euros ($633.90 million) 10 year-bond issue with a 1.50 pct annual coupon corresponding to a spread of mid-swap + 92 BPS . Offer was almost 3 times oversubscribed . This issue will allow the co to anticipate the financing of the contemplated acquisition of Kerneos . Issue lengthens the average maturity of its bond financing from 5.5 to 6.5 years .Settlement date is scheduled on January 17, 2017.
Acico Industries Company : FY net profit 7.2 million dinars versus 8.4 million dinars year ago . FY operating revenue 98.6 million dinars versus 97.6 million dinars year ago . Board recommends 15 percent cash dividend and 5 percent stock dividend for 2016 Source: (http://bit.ly/2iXP2Kk) Further company coverage: [ACIC.KW] ((Bangalore.email@example.com;)).
Tangshan Jidong Cement Co Ltd <000401.SZ> :Says it expects to return to net profit of 20-80 million yuan ($2.89-$11.56 million) in 2016 versus net loss of 1.7 billion yuan year ago.