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  • September 20, 2014
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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 ...

  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 ...

  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 ...



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