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  1. Business - Companies - EARNINGS

    Honghua Group unfazed by losses in drilling services

    Posted Aug 25th 2014, 03:34am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland's leading rig builder sets aggressive targets to turn around sector next year Honghua unfazed by losses in drilling services Honghua Group, ... on conventional drilling services, the opposite might be true for unconventional gas drilling, said Honghua chairman Zhang Mi. "As PetroChina is increasingly co-investing with other firms on new ...

  2. Business - THE INSIDER

    Honghua Group chair cuts stake in firm

    Posted May 13th 2013, 12:00am by Robert Halili

    ... Robert Halili Directors of China Overseas Grand Oceans and Comtec Solar Systems also sold shares last week Honghua Group chair cuts stake in firm Buying by directors fell for the fourth ... of shares in Honghua Group, China Overseas Grand Oceans Group, Comtec Solar Systems, and Boer Power Holdings. The chairman of drilling rig manufacturer Honghua Group, Zhang Mi, resumed selling ...

  3. Magazines - Money - STOCK TRADING

    Vol stocks: caution, hot!

    Posted Apr 22nd 2013, 12:00am by Jeanny Yu

    ...   Honghua and Anton Oilfield Services Honghua and Anton are potential beneficiaries of the development of China's shale gas industry. Anton is a provider of oil and gas field development services to energy companies, while Honghua is a supplier of heavy drilling equipment. Schlumberger, a major US shale gas drilling service provider, bought a 20.1 per cent stake in Anton for about ...

  4. Business - Money - THE INSIDER

    Inside buys dive as directors' sales surge

    Posted Jan 21st 2013, 12:00am by Robert Halili

    ... disposals worth HK$508 million so far this month, already more than the 145 trades worth HK$298.7 million in January last year. Among the top sellers last week were directors of ENN Energy, Honghua ... manufacturer Honghua after the stock rose by 71 per cent from HK$2.05 on December 11. Zhang sold a net nine million shares from January 14 to 15 at an average of HK$3.51 each. The trades cut his ...

  5. Business - China Business - BUSINESS DIGEST

    Business Digest, December 31, 2012

    Posted Dec 31st 2012, 12:00am by Eric Ng

    ... Honghua targets 10b yuan in sales China's largest land-based oil and gas drilling rigs maker Honghua Group is aiming for sales of at least 10 billion yuan (HK$12.2 billion) next year. Sales hit 3.49 billion yuan last year and 1.97 billion yuan in the first half of this year. Uncompleted orders stand at 6.5 billion yuan, comprising 6 billion yuan of rigs and 500 million yuan ...

  6. Comment - Blogs

    Morning Clicks: October 25

    Posted Oct 25th 2012, 05:14am by John Kennedy

    ... Provinces register faster GDP growth  --  Honghua to invest up to $16m in shale gas exploration  --  China still remains 'bright spot' for US companies The Economic Observer--  Foxconn’s ...

  7. Business - Comment - THE INSIDER

    Purchases by company directors sharply lower as sales remain high

    Posted Oct 15th 2012, 12:00am by Robert Halili

    ... International and Bank of East Asia; and sales in casino operator Galaxy Entertainment and Honghua. Executive director Ramesh Dungarmal Tainwala resumed buying shares of luggage manufacturer ... shares of oil and gas drilling rigs manufacturer Honghua at higher than his previous sale prices, with 400,000 shares sold from October 8 to 9 at an average of HK$1.58 each. The trades cut his ...

  8. Business - Money

    Market Open: Greece, Spain worries may press Hong Kong stocks lower

    Posted Sep 27th 2012, 08:06am by Jeanny Yu

    ... of shale gas, an unconventional resource that PetroChina (0857.HK), Sinopec (0386.HK) and other private firms such as Honghua Group (0196.HK) are keen to develop. Hong Kong-based retailers Local ...

  9. Business - China Business - ENERGY

    Honghua Group steps up push on making tools for drilling

    Posted Sep 07th 2012, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com The mainland's largest maker of rigs is seeking expertise in producing equipment used in extracting oil and gas trapped in rock formations Honghua steps up push on making tools for drilling Honghua Group, the mainland's largest maker of rigs for land-based oil and gas drillers, is eyeing opportunities to buy or co-operate with more firms ...

  10. Honghua to target shale gas projects

    Posted May 28th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Honghua Group, one of the world's largest producers of land-based oil and gas drilling rigs, plans to take minority stakes in shale gas exploration projects on the mainland in a bid to forge closer ties with its customers. Honghua chairman Zhang Mi said that when private firms were given the green light to invest in shale gas projects it would take small ...




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