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Honghua Group Ltd (0196.HK)

0196.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Honghua Group Announces Termination Of Public Tender Regarding Potential Disposal
Tuesday, 18 Sep 2018 10:21am EDT 

Sept 18 (Reuters) - Honghua Group Ltd <0196.HK>::ANNOUNCES TERMINATION OF PUBLIC TENDER REGARDING POTENTIAL DISPOSAL.PUBLIC TENDER CONDUCTED ON SUAEEX TERMINATED BY CO DUE TO FINANCING DIFFICULTIES ON PART OF POTENTIAL BUYER.PLANS TO DISPOSE CO'S 51 PERCENT STAKE IN JIANGSU OFFSHORE AND 51 PERCENT STAKE IN SHANGHAI OFFSHORE THROUGH NEW PUBLIC TENDER ON SEPT 19.NEW PUBLIC TENDER WILL HAVE A TENDER PERIOD OF 20 WORKING DAYS, COMMENCING ON 19 SEPTEMBER 2018 AND ENDING ON 22 OCTOBER 2018.IN ADDITION CO WOULD ALSO SELL ITS 70% STAKE IN TANK TEK, ITS 30% STAKE IN PRIME, ITS 25% EQUITY INTEREST IN FSP TO SHANGHAI OFFSHORE.PURSUANT TO NEW PUBLIC TENDER, BUYER OF DISPOSAL OF OFFSHORE SEGMENT TO MAKE SECURITY DEPOSIT OF RMB40 MILLION UPON TENDER CLOSING.  Full Article

Honghua Group Says ASIFC Agreed To Provide Loan Of RMB70 Mln To Honghua Electric
Monday, 17 Sep 2018 10:51am EDT 

Sept 17 (Reuters) - Honghua Group Ltd <0196.HK>::ASIFC AGREED TO PROVIDE A LOAN OF RMB70 MILLION TO HONGHUA ELECTRIC.  Full Article

Honghua Group HY Loss Attributable Narrows To RMB 118.4 Mln
Thursday, 30 Aug 2018 11:08am EDT 

Aug 30 (Reuters) - Honghua Group Ltd <0196.HK>::HY LOSS ATTRIBUTABLE RMB118.4 MILLION VERSUS LOSS OF RMB390.9 MILLION.HY TURNOVER FROM CONTINUING OPERATIONS RMB1.15 BILLION, UP 63.6%.  Full Article

Honghua Group Expects Loss To Decrease By Approximately 60 pct to 80 pct For HY
Wednesday, 11 Jul 2018 05:35am EDT 

July 11 (Reuters) - Honghua Group Ltd <0196.HK>::EXPECTS LOSS TO DECREASE BY APPROXIMATELY 60%-80% FOR HY.EXPECTED RESULT DUE TO RECOVERY OF GLOBAL OIL AND GAS INDUSTRY.  Full Article

Honghua Group Announces Financial Cooperation Agreement With Aerospace Science And Industry Financial Corp
Friday, 1 Jun 2018 10:53am EDT 

June 1 (Reuters) - Honghua Group Ltd <0196.HK>::ENTERED AGREEMENT FOR AEROSPACE SCIENCE AND INDUSTRY FINANCIAL CORP TO PROVIDE GROUP WITH FINANCIAL SERVICES.  Full Article

Honghua Group Announces Two Sale And Purchase Agreements
Tuesday, 20 Feb 2018 05:06am EST 

Feb 20 (Reuters) - Honghua Group Ltd <0196.HK>::SICHUAN HONGHUA TO SELL SEVERAL UNITS OF LAND DRILLING RIGS WITH CERTAIN SPECIFICATIONS FOR US$28 MILLION.HONGHUA GOLDEN COAST EQUIPMENT FZE SHALL SELL TO ERIELL​ ‍SEVERAL UNITS OF DRILLING RIGS FOR A CONSIDERATION OF US$34 MILLION.  Full Article

Honghua Group ‍Says Sichuan Honghua To Sell To UGV Several Units Of 70 DBS Land Drilling Rigs​
Wednesday, 7 Feb 2018 04:05am EST 

Feb 7 (Reuters) - Honghua Group Ltd <0196.HK>::‍SICHUAN HONGHUA SHALL SELL TO UGV SEVERAL UNITS OF 70 DBS LAND DRILLING RIGS​.DEAL FOR US$120 MILLION ‍​.  Full Article

Honghua Group's Unit ‍To Sell To Arabian Drilling Co Certain Units Of Land Drilling Rigs For $120 Mln ​
Tuesday, 9 Jan 2018 04:11am EST 

Jan 9 (Reuters) - Honghua Group Ltd <0196.HK>::UNIT ‍TO SELL TO ARABIAN DRILLING CO CERTAIN UNITS OF LAND DRILLING RIGS WITH CERTAIN SPECIFICATIONS​.DEAL FOR US$120 MILLION.UNIT TO SELL TO ARABIAN DRILLING CO CERTAIN UNITS OF LAND DRILLING RIGS WITH CERTAIN SPECIFICATIONS.  Full Article

Honghua Group Updates Regarding Potential Disposals
Wednesday, 27 Dec 2017 07:24am EST 

Dec 27 (Reuters) - Honghua Group Ltd <0196.HK>::‍INTENDS TO DISPOSE OF THROUGH PUBLIC TENDER, ITS INTEREST IN JIANGSU OFFSHORE, SHANGHAI HONGHUA OFFSHORE OIL & GAS EQUIPMENT.TO DISPOSE OF THROUGH CONTRACTS, ITS INTEREST IN PRIME; ITS INTEREST IN FSP AND ITS ENTIRE INTEREST IN TANK TEK​.  Full Article

Honghua Group Expects Loss For Year Ended 31 Dec. 2017 To Increase By About 100%
Friday, 8 Dec 2017 09:01am EST 

Dec 8 (Reuters) - Honghua Group Ltd <0196.HK>::LOSS FOR YEAR ENDED 31 DECEMBER 2017 IS EXPECTED TO INCREASE BY ABOUT 100%.EXPECTED RESULT ‍DUE TO CONTINUOUS LOSS IN OFFSHORE SEGMENT & IMPAIRMENT PROVISION MADE FOR ASSETS WITH SIGNIFICANT RISK OF IMPAIRMENT.  Full Article

Photo

Stepping on the gas: China's home-built fracking boom

CHONGQING, China On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500-metre horizontal well deep under the ground.