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Heavy Electrical Equipment

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Enx Group provides updates on dates for restructuring

Tuesday, 29 Aug 2017 04:56am EDT

Aug 29 (Reuters) - Enx group ltd ::‍CONDITIONS PRECEDENT TO RESTRUCTURE HAVE NOT YET BEEN FULFILLED DUE TO DELAYS IN OBTAINING REGULATORY RULING, FINALISING SOME ARRANGEMENTS​.‍AS A CONSEQUENCE, SALIENT DATES FOR UNBUNDLING WILL NEED TO BE REVISED​.‍UNBUNDLING IN EXPECTED TO PROCEED AS ANTICIPATED​.

Savaria Corp agrees to acquire the assets of Visilift, LLC

Thursday, 24 Aug 2017 04:56pm EDT

Aug 24 (Reuters) - Savaria Corp :Deal for ‍US$5.0 million​.Savaria Corp - expects acquired business to generate US$3.0 million in sales in 2018 and US$10 million in sales in 2019​.Savaria - entered into agreement with Visilift, LLC as per which co, through a wholly-owned subsidiary, will acquire all of assets of Visilift​.Savaria Corp - Visilift will have option to earn an additional payment of US$3.0 million upon achieving certain performance metrics over a 3-year period.

Lanzhou Greatwall Electrical to dissolve unit

Thursday, 24 Aug 2017 04:42am EDT

Aug 24(Reuters) - Lanzhou Greatwall Electrical Co Ltd <600192.SS>:Says it plans to dissolve a underwater products high technology unit .

IFE Elevators sees FY 2017 H1 net profit down 20.1 pct to 30.9 pct

Monday, 17 Jul 2017 01:23am EDT

July 14 (Reuters) - IFE Elevators Co Ltd <002774.SZ>:* Sees net profit for FY 2017 H1 to decrease by 20.1 percent to 30.9 percent, or to be 32 million yuan to 37 million yuan .* Says the net profit of FY 2016 H1 was 46.3 million yuan.* Says that decreased business income as main reason for the forecast.

Suzhou Industrial Park Heshun Electric issues H1 2017 net profit outlook

Friday, 14 Jul 2017 04:33am EDT

July 14(Reuters) - Suzhou Industrial Park Heshun Electric Co Ltd <300141.SZ>:Sees net profit for H1 2017 will increase by 10 percent to 30 percent, or will be 2.4 million yuan to 2.9 million yuan, compared to net profit of H1 2016 (2.2 million yuan).Says improvement of business as the main reason for the forecast.

Baoding Tianwei Baobian Electric to write off Russia-based subsidiary

Wednesday, 12 Jul 2017 01:57am EDT

July 12 (Reuters) - Baoding Tianwei Baobian Electric Co Ltd <600550.SS> ::* Says it plans to write off its 90 percent owned Russia-based electrical equipment subsidiary .

Shandong Luyitong Intelligent Electric sees H1 FY 2017 net profit up 10 pct to 20 pct

Tuesday, 11 Jul 2017 11:30pm EDT

July 12(Reuters) - Shandong Luyitong Intelligent Electric Plc <300423.SZ> ::* Sees H1 FY 2017 net profit to increase by 10 percent to 20 percent, or to be 9.9 million yuan to 10.8 million yuan.* Says H1 FY 2016 net profit was 9.0 million yuan.* The reason for the forecast is steady improvement of business .

Henan Senyuan Electric scraps asset acquisition, share trade to resume

Tuesday, 11 Jul 2017 05:57am EDT

July 11 (Reuters) - Henan Senyuan Electric Co Ltd <002358.SZ>:Says it scraps asset acquisition as concerning parties failed to reach agreement.Says share trade to resume on July 12.

Bharat Heavy Electricals commissions supercritical thermal power plant in Uttar Pradesh

Tuesday, 23 May 2017 02:16am EDT

May 23 (Reuters) - Bharat Heavy Electricals Ltd ::Says BHEL commissions 1,980 MW supercritical thermal power plant in uttar pradesh.Says first two units of project, commissioned earlier by BHEL, are already under commercial operation.Says project is owned by Prayagraj Power Generation, a subsidiary company of Jaiprakash Power Ventures Limited.

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