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Honghua Group Ltd (0196.HK)

0196.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Honghua Group Updates On Legal Proceedings
Monday, 2 Jul 2018 

July 2 (Reuters) - Honghua Group Ltd <0196.HK>::NOTIFIED THAT SHANGHAI SHANGSHI INTERNATIONAL TRADE COMMENCED LEGAL PROCEEDINGS AGAINST HONGHUA OFFSHORE AND HONGHUA CHINA.  Full Article

Honghua Group Says Unit Sichuan Honghua Entered Agreement With Ukrgasvydobuvannia For $53.33 Million
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Honghua Group Ltd <0196.HK>::UNIT SICHUAN HONGHUA WILL DELIVER RIG COMPONENTS AND ELECTRIC EQUIPMENT TO UKRGASVYDOBUVANNIA FOR AN AGREEMENT WORTH $53.33 MILLION.  Full Article

Honghua Group Updates On Development Of Litigation And Judgment From Chengdu Intermediate Court
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Honghua Group Ltd <0196.HK>::UPDATES ON DEVELOPMENT OF LITIGATION AND JUDGMENT FROM CHENGDU INTERMEDIATE COURT.RECEIVED JUDGMENT FROM SICHUAN PROVINCE HIGHER PEOPLE'S COURT THAT HONGHUA CO SHALL PAY TO PLAINTIFFS' ECONOMIC LOSS OF RMB22.4 MILLION.JUDGMENT WILL NOT HAVE SIGNIFICANT ADVERSE IMPACTS ON FINANCIAL POSITION AND OPERATION OF GROUP.  Full Article

Honghua Group Says FY Loss Attributable Rmb1.24 Billion
Thursday, 29 Mar 2018 

March 29 (Reuters) - Honghua Group Ltd <0196.HK>::FY LOSS ATTRIBUTABLE RMB1.24 BILLION VERSUS LOSS RMB609.7 MILLION.FY TURNOVER FROM CONTINUING OPERATIONS RMB2.18 BILLION VERSUS RMB2.15 BILLION.  Full Article

Honghua Group's Unit ‍To Sell To Arabian Drilling Co Certain Units Of Land Drilling Rigs For $120 Mln ​
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Honghua Group Ltd <0196.HK>::UNIT ‍TO SELL TO ARABIAN DRILLING CO CERTAIN UNITS OF LAND DRILLING RIGS WITH CERTAIN SPECIFICATIONS​.DEAL FOR US$120 MILLION.UNIT TO SELL TO ARABIAN DRILLING CO CERTAIN UNITS OF LAND DRILLING RIGS WITH CERTAIN SPECIFICATIONS.  Full Article

Honghua Group Updates Regarding Potential Disposals
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Honghua Group Ltd <0196.HK>::‍INTENDS TO DISPOSE OF THROUGH PUBLIC TENDER, ITS INTEREST IN JIANGSU OFFSHORE, SHANGHAI HONGHUA OFFSHORE OIL & GAS EQUIPMENT.TO DISPOSE OF THROUGH CONTRACTS, ITS INTEREST IN PRIME; ITS INTEREST IN FSP AND ITS ENTIRE INTEREST IN TANK TEK​.  Full Article

Honghua Group Expects Loss For Year Ended 31 Dec. 2017 To Increase By About 100%
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Honghua Group Ltd <0196.HK>::LOSS FOR YEAR ENDED 31 DECEMBER 2017 IS EXPECTED TO INCREASE BY ABOUT 100%.EXPECTED RESULT ‍DUE TO CONTINUOUS LOSS IN OFFSHORE SEGMENT & IMPAIRMENT PROVISION MADE FOR ASSETS WITH SIGNIFICANT RISK OF IMPAIRMENT.  Full Article

John Wood secures engineering contract from Honghua for LNG platform development in Mexico
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Honghua Group Ltd <0196.HK>:HONGHUA GROUP AWARDED $12 MILLION FEED CONTRACT TO WOOD FOR LNG PLATFORM DEVELOPMENT IN WEST DELTA AREA OF GULF OF MEXICO‍​.  Full Article

Honghua Group issues profit warning<0196.HK>
Tuesday, 2 Aug 2016 

Honghua Group Ltd <0196.HK>: Group-profit warning <0196.HK> . Says group's loss for the six months ended 30 June 2016 is expected to increase substantially . Expected loss is primarily due to the fact that the international oil prices continuously fluctuated at low level .  Full Article

RPT-ANALYSIS-Stepping on the gas: China's home-built fracking boom

CHONGQING, China, June 21 On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500-metre horizontal well deep under the ground.