Huafang Limited Company


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Latest Developments

Huafang Elects Chairman

May 8 (Reuters) - Huafang Co Ltd <600448.SS>::SAYS BOARD ELECTS WANG LIMIN AS CHAIRMAN.

Huafang announces private placement

Huafang Ltd Co:To issue up to 121,621,600 A shares of its common stock through private placement, at 7.40 yuan per share.To raise up to 900 mln yuan in total.Proceeds raised will be used for supplement of working capital and parts projects.

Huafang to issue short-term financing notes

Huafang Ltd Co:To issue 300 mln worth of short-term financing notes, with a term of two years.Proceeds will be used to repay bank loans and to fulfill working capital.

Huafang to provide loan guarantee for subsidiary

Huafang Ltd Co:To provide loan guarantee of 100 mln yuan for a Binzhou-based subsidiary, with a term of three years.

Huafang to participate in establishment of new company

Huafang Ltd Co:To invest 168 mln yuan in establishment of a rural commercial bank in Binzhou.To hold 105 mln shares (7 pct ) of the bank, after the transaction.

Huafang announces change of general manager

Huafang Ltd Co:Appoints Yan Yingshan as general manager of the company, to replace Wang Limin who resigned from the position.

Huafang announces no dividend payment for 2014

Huafang Ltd Co:To pay no dividend to shareholders for 2014.

Huafang announces change of accounting estimates

Huafang Ltd Co:Changed the accounting estimates for provision of uncollectible accounts of accounts receivable, effective March 1.

Huafang announces change of accounting policy

Huafang Ltd Co:Changed accounting policy based on new accounting standards released by Ministry of Finance, effective July 1, 2014.

Huafang Ltd Co updates change of shareholding structure

Huafang Ltd Co:Says a Binzhou-based group company, to decrease stake in the company to 0 pct from 20.75 pct (87,651,441 shares).Says a Binzhou-based assets management company, to raise stake in the company to 20.75 pct (87,651,441 shares) from 0 pct.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.