Heavy Machinery / Vehicles
Hoe Leong Corporation Ltd Announces Incorporation Of Wholly Owned Subsidiaries In Singapore
Hoe Leong Corporation Ltd announced that the Company has incorporated the following wholly owned subsidiaries in Singapore. Arkstar Offshore Pte. Ltd., incorporated with a paid-up capital of SGD1.00 whose principal activities-Investment Holding Company and Arkstar Ship Management Pte. Ltd., incorporated with a paid-up capital of SGD1.00 whose principal activities are to carry out the main business of operating and providing ship management services.
The Greenbrier Companies Inc Lowers FY 2013 Guidance
The Greenbrier Companies Inc announced that based on current business trends, including lower than anticipated demand for new intermodal railcars in 2013 and slower than anticipated ramp up of tank car production, management is revising its outlook for fiscal 2013. Management currently anticipates in fiscal 2013, revenue to be in the range of $1.75 to $1.80 billion and adjusted EBITDA to be in the range of $150 to $155 million (excluding any restructuring costs). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.87 billion and EBITDA of $162 million for fiscal 2013.
Abakanvagonmash OAO Declares No FY 2012 Dividend Payment; Appoints Auditor-SKRIN
SKRIN reported that Abakanvagonmash OAO has decided not to distribute dividends for the fiscal year 2012. Also, the Company has appointed 2K Audit-Delovye konsul'tatsii Morison International ZAO as its auditor.
Seven Group Holdings Ltd's WesTrac Cuts 350 Jobs; Plans To Restructure NSW And ACT operations; Sees FY 2013 Net Profit At Low End Of Prior Range Guidance-AAP
Australian Associated Press reported that WesTrac is cutting 350 jobs as part of a restructure in response to weaker demand from the resources industry. It is a division of Seven Group Holdings Ltd. WesTrac has announced plans to restructure its NSW and ACT operations because of challenging market conditions. Seven Group has also lowered its underlying net profit forecast for fiscal 2013. It now expects that result to be at the low end of its previous guidance range of 10 to 20 per cent rise from last year. The Company reported net income of $332.41 million for fiscal 2012.
Hualing Xingma Automobile (Group) Co Ltd Receives Subsidy
Hualing Xingma Automobile (Group) Co Ltd announced that it has received a subsidy of RMB 30 million for its research and development from Financial Department of Anhui Province.
Uralmashzavod OAO Appoints Auditor-AK&M
AK&M reported that Uralmashzavod OAO has appointed HLB Vneshaudit ZAO as its auditor.
GO Iron Works Co Ltd Appoints President and Chairman
GO Iron Works Co Ltd announced that it has appointed Mr. Takao Nagase as the President of the Company, to replace Mr. Shizuka Kano, who will become Chairman of the Board, effective July 1, 2013.
KION GROUP AG Updates on Initial Public Offering
KION GROUP AG announced that it has set the issue price for the shares offered in the initial public offering (IPO) at EUR 24.00 per share. The issue price places the shares within the price range of EUR 24.00 per share to EUR 30.00 per share. The offering was significantly oversubscribed. KION GROUP AG issued 17.23 million shares at the issue price, generating direct proceeds of around EUR 404.1 million (after deduction of underwriters' commissions). In addition, 2.58 million shares from the holdings of Superlift Holding S.a r.l., Luxembourg were placed as part of the over-allotment option. The share capital of the Company amounts to EUR 98,900,000 divided into 98,900,000 shares after the implementation of the capital increases in connection with the offering. If the underwriters exercise their greenshoe option in full, the free float will be 20.0%. 97.7% of the shares in the offering were allocated to institutional investors and 2.3% to private investors, in compliance with the Principles for the Allotment of Share Issues to Private Investors issued by the Exchange Experts Commission (BSK) at the German Federal Ministry of Finance.Trading in KION GROUP AG shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is scheduled to commence on June 28, 2013.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: GlobalData
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$125.00
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Provider: Reuters Investment Profile
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$20.00
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Provider: Wright Reports
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$35.00
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Provider: Wright Reports
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$75.00
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Provider: Reuters Investment Profile
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$20.00
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