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Results 1 - 3 of 3 for honghua

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  1. 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
  2. Honghua targets US$350m from Hong Kong share sale

    Posted Feb 02nd 2007, 12:00am by Nevin Nie

    ... Tim LeeMaster and Nevin Nie Honghua, a Sichuan-based oil-rig maker, plans to raise up to US$350 million from an initial public offering in Hong Kong this year, sources said. The company is the second-largest oil-rig maker in the mainland, according to its website. United States buyout fund Carlyle was a shareholder, sources said. Honghua could not be reached for comment. 'There's ...

    http://www.scmp.com/article/580470/honghua-targets-us350m-hong-kong-share-sale
  3. 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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