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  1. Honghua Group secures US$200m rigs order from Russia

    Posted Aug 11th 2008, 12:00am by Denise Tsang

    ... Denise Tsang Honghua Group, the world's second-largest producer of onshore oil and gas drilling rigs, has won a US$200 million contract to sell land drilling rigs in a move to boost ... of its revenue as of the end of last year, it said in a statement yesterday. Through the sale to Well Drilling, which exploits oil and gas in Russia, Honghua said it expected the deal ...

  2. Honghua plans further buy-backs of its shares

    Posted Nov 03rd 2008, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest maker of onshore oil drilling rigs, plans to continue repurchasing its shares after spending about HK$135 million buying them back ... at HK$3.83. In an interview, chairman Zhang Mi said the repurchases were executed because Honghua's share price had fallen below its intrinsic value. 'People's trading behaviour ...

  3. 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 ...

  4. 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 ...

  5. CRCC raises HK$18.2b after pricing shares at top end

    Posted Mar 07th 2008, 12:00am by Staff Reporter

    ... shares of mainland oil-rig maker Honghua Group will start trading today after they gained 10.7 per cent in the pre-trading session yesterday. Honghua closed at HK$4.24, compared with its offer price of HK$3.83, according to PhillipMart, an automated electronic platform for pre-listing shares. The company raised HK$3.75 billion. Honghua's debut will be the first initial public ...

  6. In Brief

    Posted May 28th 2008, 12:00am by Staff Reporter

    ... as HK$16 million rental income from its J Senses in Wan Chai. Jasmine Wang Honghua, CNOOC agree to technology, business exchange Honghua Group said it had entered an agreement with China National Offshore Oil Corp, parent of China Ocean Oilfields Services, for technology and business exchanges. Honghua will support CNOOC in technology for offshore equipment in return for expertise ...

  7. 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 ...

  8. Results

    Posted Jun 27th 2008, 12:00am by Staff Reporter

    ... Today 1st Quarter: Vital Pharmaceutical Holdings Interim: United Pacific Industries Final: Automated Systems Holdings, Jia Sheng Holdings, Shaw Brothers (Hong Kong), South East Group, Thiz Technology Group, Tungda Innovative Lighting Holdings AGM: Centron Telecom Intl Holding, China Merchants Bank, China Star Entertainment, CITIC Resources Holdings, Greater China Holdings, Honghua ...

  9. Keeping fairways green a tough job in north

    Posted Apr 12th 2006, 12:00am by Peter Goff

    ... the grass alive,' said Marlboro Ma, a manager at the Honghua course. Honghua has more than 100 ground staff who work year-round tending the course. Winter in the frigid north presents them with the greatest difficulties. Enduring sub-zero temperatures, courses in the north are forced to close from early December to the end of March each year. To protect the course during this time Honghua ...

  10. Seven firms seek US$6b amid US recession fears

    Posted Jan 28th 2008, 12:00am by Staff Reporter

    ... US$700 million. Xiashun Holdings, the mainland's largest maker of aluminium foil, aims to revive a listing for a slimmed-down US$200 million capital raising. HongHua Group, a Sichuan-based ... Want's re-listing in Hong Kong 'should also do fine' because it was 'a brand growing up along with Hong Kong'. But Mr Lun said that Xiashun and HongHua might find ...




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