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Okabe to merge with construction materials unit

Tuesday, 17 Oct 2017 09:26pm EDT

Oct 18 (Reuters) - Okabe Co Ltd <5959.T>:Says it plans to merge with Tokyo-based wholly owned unit on Jan. 1, 2018.Says unit is mainly engaged in production and sales of construction materials .Says unit will be dissolved after merger.

Tecnon Fujian Commercial Lighting sees Q1 to Q3 of FY 2017 net profit up 34 pct to 53 pct

Friday, 13 Oct 2017 04:30am EDT

Oct 13(Reuters) - Tecnon Fujian Commercial Lighting Co Ltd <300650.SZ>:Sees Q1 to Q3 of FY 2017 net profit to increase by 34 percent to 53 percent, or to be 38.7 million yuan to 44 million yuan.Says Q1 to Q3 of FY 2016 net profit was 28.8 million yuan .Says increased business income and cost control are the main reasons for the forecast.

Mexichem provides update on Hurricane Harvey business impact

Tuesday, 3 Oct 2017 08:12pm EDT

Oct 3 (Reuters) - Mexichem SAB De CV :Mexichem provides update on Hurricane Harvey business impact.Mexichem SAB De CV - Hurricane Harvey's impact on Mexichem's Vinyl and Fluor business groups has not affected its EBITDA guidance for full year 2017.Mexichem SAB De CV - Mexichem's main supplier of vinyl chloride monomer (VCM) stated that they resumed plant operations on September 15, 2017.Mexichem SAB De CV - co is able to reaffirm its EBITDA guidance range for 2017 of 15%-25% growth compared to EBITDA of US$884 million reported for FY16.

Hashimoto Sogyo Holdings to acquire shares of Fukuoka-based firm

Tuesday, 26 Sep 2017 02:58am EDT

Sept 26 (Reuters) - Hashimoto Sogyo Holdings Co Ltd <7570.T>:Says it plans to acquire shares of Fukuoka-based firm in middle January, 2018.Says the Fukuoka-based firm is mainly engaged in wholesale business of sanitary ware and residential equipment .Says details will be decided later .

Zhejiang Kaier New Materials scraps asset restructuring, share trade to resume

Monday, 25 Sep 2017 04:25am EDT

Sept 25 (Reuters) - Zhejiang Kaier New Materials Co Ltd <300234.SZ>:Says it scraps asset restructuring as concerning parties failed to reach agreement, share trade to resume on Sept 26.

Beacon Roofing Supply announces public offering of common stock

Monday, 18 Sep 2017 04:08pm EDT

Sept 18 (Reuters) - Beacon Roofing Supply Inc :Beacon Roofing Supply Inc announces public offering of common stock.Beacon Roofing - ‍Offering to sell, subject to market and other conditions, $300.0 million in shares of its common stock in an underwritten public offering​.Beacon Roofing Supply - Subsequent to offering, expects to reduce amount of committed convertible preferred equity financing to a minimum of $400 million.Beacon Roofing Supply - Expects to use net proceeds from offering to finance previously announced acquisition of Allied Building Products Corp.Beacon Roofing Supply Inc - Also expects to use net proceeds ‍ to pay fees and expenses related to acquisition of allied building corp​.

Agta Record H1 EBITA rises to 20.2‍​ million euros

Monday, 11 Sep 2017 12:00pm EDT

Sept 11 (Reuters) - AGTA RECORD AG ::FIRST HALF-YEAR RESULTS 2017‍​.H1 PROFIT FOR THE PERIOD EUR 10.2 MILLION VERSUS EUR 8.4 MILLION YEAR AGO.H1 EBITA EUR 20.2‍​ MILLION VERSUS EUR 18.0 MILLION YEAR AGO.CONFIRMS ITS EXPECTATION OF SALES GROWTH OF 4 – 5 % FOR THE FULL YEAR..PRESSURE ON THE GROSS MARGIN FROM THE WEAKENED BRITISH POUND SHOULD DIMINISH IN THE SECOND HALF OF 2017.DURING THE SECOND HALF OF 2017, RESTRUCTURING COSTS SHOULD REMAIN MINIMAL IN FRANCE AND THE U.K..

Huida Sanitary Ware to merge with wholly owned ceramics unit

Tuesday, 29 Aug 2017 02:25am EDT

Aug 29 (Reuters) - Huida Sanitary Ware Co Ltd <603385.SS> ::* Says it plans to merge with its Tangshan-based wholly owned ceramics subsidiary .* Says it will survive and the unit will be dissolved after merger .

Sunspring Metal says Typhoon Hato strike of Zhuhai unit

Monday, 28 Aug 2017 02:36am EDT

Aug 28 (Reuters) - Sunspring Metal Corp <2062.TW> ::* Says its Zhuhai-based metal unit suffered Typhoon Hato, which results in partial damage in plant and stock.* Economic loss is expected to be about 3 million yuan and the amount of premium payment is still being evaluated .

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