Construction - Supplies / Fixtures
Flat Glass Industries Ltd Announces Merger Of RTK Subsidiary With Rayson Industries Subsidiary Of Scholz Industries Pty Limited
Flat Glass Industries Ltd announced the merger of its RTK subsidiary with the Rayson Industries subsidiary of Scholz Industries Pty Limited. The business will be named Rayson RTK Pty Ltd. Both names have been purposely retained, due to their strong market recognition and customer credibility. The business will be owned by the current owners, with Scholz Industries Pty Ltd holding approximately 65% and Flat Glass Industries Ltd approximately 35%. Note, the final shareholding will be determined after due diligence is completed in July 2013. The merger takes effect from July 1, 2013. It is expected that all details including due diligence will be completed by end July.
Hankuk Glass Industries Inc. Announces Closing of Plate Glass Production Division
Hankuk Glass Industries Inc. announced that it has suspended the operation of its plate glass production division due to the increased energy costs.
Dongwha Holdings Co Ltd to Merge with Subsidiaries
Dongwha Holdings Co Ltd announced that it will merge with its two wholly owned subsidiaries, which are mainly engaged in the manufacturing and sales of laminate floor, as well as production of medium density fibreboard and other items, to improve shareholders' value. The expected merger effective date is October 1, 2013.
Sinopipe Holdings Ltd Announces Liquidation Of Subsidiary
Sinopipe Holdings Ltd announced that it has commenced the liquidation of its subsidiary in the People’s Republic of China (the PRC), Jiamusi Auton Advanced Materials Technology Co., Ltd. In connection therewith, the Company’s principal subsidiary, Fujian Aton Advanced Material Science and Technology Co., Ltd has appointed a legal firm to act on its behalf for the liquidation proceedings.
NICHIHA CORP to Take Over Sales Business from Subsidiary
NICHIHA CORP announced that it will take over the metal exterior material sales business from a Tochigi-based subsidiary, effective July 1, 2013.
Wuhu Conch Profiles and Science Co Ltd Announces Merger of Subsidiaries
Wuhu Conch Profiles and Science Co Ltd announced that it has decided to merge two of its wholly owned subsidiaries: subsidiary A, which is engaged in molding material business, and subsidiary B, which is engaged in chemical engineering product business, both based in Shanghai, effective March 31, 2013. After this, subsidiary A will be the surviving company and subsidiary B will be dissolved.
Grand Hoover Bhd Announces Strike-off 80% Owned Dormant Subsidiary
Grand Hoover Bhd (GHB) announced that Metro Sun Brickworks Sdn. Bhd. (MSBSB), a 80% owned dormant subsidiary of GHB, has on March 25, 2013 submitted an application to the Companies Commission of Malaysia to strike its name off the register pursuant to Section 308 of the Companies Act, 1965 (Striking Off).
China Great Land Holdings Ltd Announces Cessation Of Production At Sanya Pearl River Pile Co., Ltd And Hainan Huadi Building Material Co., Ltd
China Great Land Holdings Ltd announced that the group has decided to cease production at subsidiaries, Sanya Pearl River Pile Co., Ltd and Hainan Huadi Building Material Co., Ltd (the Subsidiaries) with immediate effect. In view of the continuing financial losses of the Subsidiaries and the slow down in the construction sector in Sanya, the Group has ceased production at the Subsidiaries so that the Group may control the losses and realign resources for better use. Following the cessation of production at the Subsidiaries, the Group will continue to manufacture and sell piles and other building materials, and provide piling services.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Thomson Reuters StreetEvents
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$75.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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$115.00
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Provider: GlobalData
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$125.00
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