Source:
https://scmp.com/business/china-business/article/1116172/business-digest-december-31-2012China Business
Business Digest, December 31, 2012
The Reach in Yuen Long
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 of engineering services. Eric Ng