Aug 28 (Reuters) - Deltic Timber Corp :Deltic provides update on strategic alternatives process.Deltic Timber-over past several months, co has been approached by number of industry participants regarding interest in potential strategic transaction.Deltic Timber-co has engaged in evaluating confidential indications of interest,to continue process to develop potential external strategic alternatives.
July 26(Reuters) - Sichuan Guodong Construction Co Ltd <600321.SS>:Says it plans to transfer fiberboard production line project in Shuangliu Xihanggang economic development zone of Chengdu to a wholly owned unit.
July 17(Reuters) - Sichuan Guodong Construction Co Ltd <600321.SS>:Sees to swing to net profit at 1 million yuan to 1.1 million yuan in H1 of FY 2017 versus net loss at 130.6 million yuan year ago.Says increased business income and gross profit, cost control of purchase and production are the main reasons for the forecast .
May 10 (Reuters) - Hardwoods Distribution Inc :Hardwoods announces record first quarter 2017 results.Q1 revenue, including rugby, increased 63.3% year-over-year to $257.1 million.Qtrly earnings per share $0.37.Hardwoods views trump administration tax proposals as generally good for us-based businesses.Anticipates continued modest organic growth in 2017, supported by solid market fundamentals.Hardwoods distribution-while about 11% of sales currently affected by antidumping trade case, dont expect to have significant,long-term impact on business.
April 18(Reuters) - Dehua TB New Decoration Material Co Ltd <002043.SZ>:.
April 17 (Reuters) - Btm Resources Bhd ::Entered into MOU with China Western Power International Pte Ltd and Sichuan No.2 Electric Power Construction.MOU for the establishment of a 435 million RGT municipal solad waste to energy generation plant in the state of Melaka.MOU not expected to have any material effect on earnings and gearing of the company for the financial year ending 31 december 2017.
Guangxi Fenglin Wood Industry Group Co Ltd <601996.SS> : Sees Q1 FY 2017 net profit to increase by 640 percent to 660 percent . Says Q1 FY 2016 net profit was 3.0 million yuan .The reasons for the forecast are increased profit from fiberboard business and increased sales revenue of shaving board.
Rentech Inc : Rentech announces preliminary selected unaudited results for fourth quarter and full year 2016 . Q4 revenue $40.4 million versus $37.3 million . Company also provided an update on its cost savings initiatives and liquidity . Rentech is completing its review of accounting for impairments and its tax provision . Rentech Inc - may have costs associated with idling Wawa facility and other events could arise that could increase our liquidity needs in 2017 . Rentech - may also need additional liquidity to fund corporate activities through Q1 of 2018 . Rentech - expects to report in 10-K substantial doubt about our ability to continue as a going concern over next twelve months through March 2018 . Rentech - now expect to achieve total consolidated annual SG&A expense savings of about $20 million, up from prior guidance of $12 to $15 million . Rentech - expect to achieve additional savings of approximately $6.5 million in 2017, excluding reorganization and transaction costs . Rentech - expects impairments, which are non-cash items, related to its Canadian pellet plants of $110 to $120 million . Rentech - company is still assessing impairments related to its Fulghum business . Rentech - in addition, co expects asset impairment relating to 2 mills for which a customer has indicated its intent to exercise its purchase option.
Jason Holdings Ltd : on 20 February 2017, company filed an application for court sanction of scheme . refers to proposed restructuring of jason holdings limited by way of a scheme of arrangement .Hearing for sanction application has been fixed to proceed on 15 march 2017..
Jason Holdings Ltd : Creditors under scheme present and voting on resolution either in person or by proxy have unanimously approved scheme proposed by company .In light of approval of scheme by scheme creditors, co will file application to court for sanction of scheme.