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  • August 20, 2014
  • Last updated: 5:41pm
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  1. In Brief

    Posted Aug 19th 2009, 12:00am by Staff Reporter

    ... Honghua to sell 800m yuan worth of rigs to Shanghai Zhenhua Honghua Group, the world's second-largest maker of land oil drilling rigs, has signed an agreement to sell rigs worth more than 800 million yuan to Shanghai Zhenhua Heavy Industry. They will be delivered by the end of January next year. Honghua had a turnover of 4.74 billion yuan last year. It warned earlier ...

  2. Rig-maker takes another loss

    Posted Jan 11th 2011, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, a Sichuan-based producer of land-based oil and gas drilling rigs, saw its share price dive after it said last Friday it expected to post a net loss for last year after a loss of 127.34 million yuan (HK$149.09 million) in 2009. Its shares closed 13 per cent lower at HK$1.07. Honghua blamed the loss on weaker than expected demand, yuan appreciation ...



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