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  1. Honghua wins retail investors

    Posted Feb 26th 2008, 12:00am by Staff Reporter

    ... Jonathan Yang Honghua Group, the first mainland company seeking to go public in Hong Kong after the Lunar New Year, attracted a respectable response as investors bet that the country's top oil rig maker will bring decent returns, despite recent market volatility. Securities houses polled by the South China Morning Post said Honghua, the world's second-largest ...

    http://www.scmp.com/article/627661/honghua-wins-retail-investors
  2. Honghua drops 8.62pc amid declining market

    Posted Mar 08th 2008, 12:00am by Staff Reporter

    ... Honghua Group, the world's second-largest producer of onshore oil and gas drilling rigs, failed to shake loose the scourge of a declining market, falling 8.62 per cent on its first trading day yesterday. The Sichuan-based firm, which set its offering price at HK$3.83, the middle point of its range, slipped 33 HK cents to HK$3.50. Honghua sold 833.36 million shares in its ...

    http://www.scmp.com/article/629115/honghua-drops-862pc-amid-declining-market
  3. Honghua to benefit from oil boom

    Posted Feb 20th 2008, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of onshore oil drilling rigs, is expected to be one of the beneficiaries of oil producers' surging exploration ... after fears of a possible recession in the United States pummelled global stock markets and turned investors wary of new offerings. Honghua is seeking to raise up to HK$3.75 billion by issuing ...

    http://www.scmp.com/article/626853/honghua-benefit-oil-boom
  4. Honghua share sale raises HK$3.19b

    Posted Mar 01st 2008, 12:00am by Staff Reporter

    ... Honghua Group, the world's second-largest maker of onshore oil and gas drilling rigs, raised HK$3.19 billion from its listing in Hong Kong after pricing its shares at the middle ... investors ordered about 10 times and 29 times, respectively, the shares initially reserved for them, the sources said. Honghua is expected to start trading on March 7, making it the second new ...

    http://www.scmp.com/article/628190/honghua-share-sale-raises-hk319b
  5. Honghua to revive HK$3b share sale

    Posted Feb 18th 2008, 12:00am by Eric Ng

    ... Eric Ng Rig maker's move may trigger relaunch of postponed deals Honghua Group, the world's second-largest producer of onshore oil and gas drilling rigs and the mainland's ... Tang Sing-hing, an associate director at Tung Tai Securities. About 10 offerings have been postponed this year, including those from Honghua, SJM Holdings, China Railway Construction Group ...

    http://www.scmp.com/article/626641/honghua-revive-hk3b-share-sale
  6. Honghua to seek HK$3b in March IPO

    Posted Jan 22nd 2008, 12:00am by Staff Reporter

    ... Honghua Group, a Sichuan-based manufacturer of petroleum drilling rigs, hopes to raise at least HK$3 billion through an initial public offering in early March to fund its expansion plans, ... the time and was subject to market sentiment. 'Honghua is well established and has an urgent need for fresh capital. It will wait for the best timing with a fair valuation for its first ...

    http://www.scmp.com/article/623847/honghua-seek-hk3b-march-ipo
  7. Honghua IPO draws lukewarm retail response

    Posted Feb 28th 2008, 12:00am by Staff Reporter

    ... Jonathan Yang Honghua Group, the world's second-largest producer of onshore oil and gas drilling rigs, has drawn lukewarm retail orders for its initial public offering as investors ... by the South China Morning Post, only two had provided margin financing for Honghua's offering. Phillip Securities (HK) has received HK$430 million worth of margin orders, while Sun Hung Kai ...

    http://www.scmp.com/article/627866/honghua-ipo-draws-lukewarm-retail-response
  8. Honghua Group secures US$200m rigs order from Russia

    Posted Aug 11th 2008, 12:00am by Denise Tsang

    ... Denise Tsang Honghua Group, the world's second-largest producer of onshore oil and gas drilling rigs, has won a US$200 million contract to sell land drilling rigs in a move to boost ... of its revenue as of the end of last year, it said in a statement yesterday. Through the sale to Well Drilling, which exploits oil and gas in Russia, Honghua said it expected the deal ...

    http://www.scmp.com/article/648650/honghua-group-secures-us200m-rigs-order-russia
  9. Honghua plans further buy-backs of its shares

    Posted Nov 03rd 2008, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of onshore oil drilling rigs, plans to continue repurchasing its shares after spending about HK$135 million buying them back ... at HK$3.83. In an interview, chairman Zhang Mi said the repurchases were executed because Honghua's share price had fallen below its intrinsic value. 'People's trading behaviour ...

    http://www.scmp.com/article/658711/honghua-plans-further-buy-backs-its-shares
  10. Drill gear maker eyes HK$2.5b IPO

    Posted Apr 25th 2008, 12:00am by Staff Reporter

    ... peer, Honghua Group, which manufactures petroleum drilling rigs, has fallen 25.6 per cent below its initial offering price of HK$3.83 since its trading debut on March 7. Honghua raised HK$3.2 ... 'Investors usually want as much downside protection as possible in case the market takes another big slump.' Honghua is trading at 17.27 times last year's earnings and the valuation ...

    http://www.scmp.com/article/635098/drill-gear-maker-eyes-hk25b-ipo

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