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BRIEF-Shandong Molong Petroleum Machinery updates on co's ability to continue as going concern
April 11, 2017 / 12:36 AM / 5 months ago

BRIEF-Shandong Molong Petroleum Machinery updates on co's ability to continue as going concern

April 11 (Reuters) - Shandong Molong Petroleum Machinery Co Ltd:

* Conditions indicate that a material uncertainty exists that may cast significant doubt on company’s ability to continue as a going concern

* “Currently, group is adopting various measures to reduce its production cost”

* Group incurred a loss of RMB650.7 mln in its consolidated financial statements during year 2016 Source text for Eikon: Further company coverage:

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