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  1. 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 ...

    http://www.scmp.com/article/1002276/honghua-target-shale-gas-projects
  2. 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
  3. 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
  4. Honghua to move into drilling services after losses from rigs

    Posted Apr 15th 2010, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of land oil drilling rigs, is diversifying into drilling services to boost sales after it plunged into a loss last year ... revocation of a key international quality certification, which it regained last month. Honghua sold only 40 rigs last year, missing a target of 94 set in September and much lower than the 140 to 150 ...

    http://www.scmp.com/article/711480/honghua-move-drilling-services-after-losses-rigs
  5. Honghua sees pick-up in demand for oil rigs

    Posted Sep 14th 2009, 12:00am by Eric Ng

    ... Eric Ng Demand for oil drilling rigs, which generally lags growth in demand for oil, is showing signs of picking up, according to the chief of Honghua Group, the world's second-largest maker of land-based drilling rigs. 'The recovery is not just talk. We have seen action,' said Honghua chairman and chief executive Zhang Mi. 'We are seeing the kind ...

    http://www.scmp.com/article/692474/honghua-sees-pick-demand-oil-rigs
  6. 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
  7. 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
  8. 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
  9. Honghua sees flat sales as orders are deferred

    Posted Apr 16th 2009, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest producer of onshore oil drilling rigs, expects sales volume and profit margin to be flat this year, as lower oil prices saw some ... squeeze. This is despite turnover increasing 49.73 per cent on the back of higher selling prices owing to requirements from customers to package Honghua's products with related products ...

    http://www.scmp.com/article/676960/honghua-sees-flat-sales-orders-are-deferred
  10. 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

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