Edition:
United States

Honghua Group Ltd (0196.HK)

0196.HK on Hong Kong Stock

0.95HKD
23 Jan 2018
Change (% chg)

HK$0.08 (+9.20%)
Prev Close
HK$0.87
Open
HK$0.89
Day's High
HK$0.98
Day's Low
HK$0.89
Volume
72,107,000
Avg. Vol
18,205,907
52-wk High
HK$0.98
52-wk Low
HK$0.57

Latest Key Developments (Source: Significant Developments)

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

John Wood secures engineering contract from Honghua for LNG platform development in Mexico
Tuesday, 17 Oct 2017 10:26am EDT 

Oct 17 (Reuters) - Honghua Group Ltd <0196.HK>:HONGHUA GROUP AWARDED $12 MILLION FEED CONTRACT TO WOOD FOR LNG PLATFORM DEVELOPMENT IN WEST DELTA AREA OF GULF OF MEXICO‍​.  Full Article

Honghua Group says ‍Honghua Investment and units enters framework agreement
Monday, 2 Oct 2017 06:32pm EDT 

Oct 3 (Reuters) - Honghua Group Ltd <0196.HK> ::‍Honghua Investment, Honghua Shenzhen, Honghua Shanghai and ASIFL entered into a framework agreement for strategic cooperation for RMB1.5 billion​.ASIFL to purchase from Honghua Investment and its units certain equipment and products for aggregated consideration of up to RMB1.5 billion.  Full Article

Honghua Group enters into well drilling services contract
Tuesday, 12 Sep 2017 05:10am EDT 

Sept 12 (Reuters) - Honghua Group Ltd <0196.HK>:Announces entering into well drilling services contracts.Deal for RMB350 million.Honghua Oil & Gas Engineering And Technology Services recently signed contracts with two customers for drilling engineering services.  Full Article

Honghua says HY turnover RMB819.2 million
Tuesday, 29 Aug 2017 10:17am EDT 

Aug 29 (Reuters) - Honghua Group Ltd <0196.HK>::HY turnover rmb819.2 million, down 36.8%.HY loss attributable to equity shareholders of co rmb390.9 million versus rmb250.9 million.  Full Article

Honghua Group's unit wins bid for sale of land drilling rigs
Friday, 18 Aug 2017 05:19am EDT 

Aug 18 (Reuters) - Honghua Group Ltd <0196.HK>:On 17 august 2017, sichuan honghua petroleum equipment successfully won a bid for sale of ten 70DBS land drilling rigs.According to tender, total value of land drilling rigs is approximately US$120 million.  Full Article

Honghua Group says loss for six months ended 30 June 2017 is expected to rise substantially
Monday, 24 Jul 2017 05:08am EDT 

July 24 (Reuters) - Honghua Group Ltd <0196.HK>:Loss for six months ended 30 June 2017 is expected to increase substantially.Expected result due to international oil price is still staying at low price and needs for oil exploration equipment recovered at a slow pace.  Full Article

Honghua Group says unit entered into sale and purchase agreement
Monday, 26 Jun 2017 10:45am EDT 

June 26 (Reuters) - Honghua Group Ltd <0196.HK> ::Sichuan Honghua entered into sale and purchase agreement with ASIFL and Shenzhen Honghua.‍shenzhen Honghua entered into finance lease agreement with ASIFL pursuant to which ASIFL will lease equipment to Shenzhen Honghua​.Total consideration is RMB33.2 million of which RMB8.3 million was payable by Shenzhen Honghua upon signing of sale and purchase agreement.ASIFL to purchase equipment from Sichuan Honghua in sale and purchase agreement.  Full Article

Fitch Places APAC Speculative Credits on Rating Watch on Exposure Draft

(The following statement was released by the rating agency) HONG KONG, December 18 (Fitch) Fitch Ratings has placed the ratings on three issuers in Asia-Pacific on Rating Watch Positive (RWP) or Rating Watch Negative (RWN). The respective bond issues and programmes have also been placed on RWN or RWP. The three issuers are: - Honghua Group Limited - Parkson Retail Group Limited - Sunshine 100 China Holdings Ltd A full list of rating actions is at the end of this rating action commentary. KEY RAT