Chinese President Hu Jintao has faced his critics in the U.S. Congress for talks on human rights, economic policy and North Korea, VOA reports. House speaker John Boehner said he and his colleagues raised their “strong, ongoing concerns” of reports of human rights violations in China, including the denial of religious freedom, and the use of coercive abortion as a consequence of the “one child” policy.
Posts Tagged ‘hu’
Jan 13: Ezra, Swiber, Qian Hu, Yangzijiang
January 13th, 2011 |
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.1% to 3,244.94.
Ezra Holdings (EZRA SP): The provider of logistics services to the oil and gas industry said first-quarter profit declined 28% to $13.3 million from a year ago. Ezra gained 0.6% to $1.81.
Qian Hu posts 64.8% fall in 4Q net profit to $0.6m
January 12th, 2011 |
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Qian Hu Corporation, the Mainboard-listed integrated ornamental fish service provider, says it posted a net profit fell 64.8% year-on-year for the fourth quarter ending Dec 31 (4Q2010).
Group revenue dipped 6.8% to $22.2 million with Ornamental Fish sales declining 8.8% y-o-y to $10.2 million, Accessories by 7.4% to $9.1 million while Plastics grew 2.7% to $2.9 million.
Hu An Cable up on China’s power grid plan
January 10th, 2011 |
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Shares of Hu An Cable (HACH.SI), a Singapore-listed Chinese wire and cable manufacturer, rose as much as 9.3% on Monday after it said it stands to benefit from China’s multi-billion dollar rural power grid plan.
At 0417 GMT, Hu An shares were up 6.7% at $0.40 on a volume of 13.5 million shares.
Hu An Cable +8.0%; Well placed for China growth
January 10th, 2011 |
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Hu An Cable (KI3.SG) is +5.3% at $0.395 as volume spikes to 8.4 million shares, enjoying renewed interest after the China-based wire & cable manufacturer updated shareholders with a positive take on China’s commitment to upgrading its rural power grids.
Hu An says it is “poised to benefit from China investing RMB200 billion in its rural power grids between 2010 and 2012.”
Hu An Cable acquires land to build $17.5m copper rod plant
December 22nd, 2010 |
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Mainboard-listed Hu An Cable Holdings, the China-based wire and cable manufacturer, says it recently acquired 61,335 square metres of land in Jiangsu Province for RMB21.2 million ($4.18 million) to build its RMB88.9 million copper rod plant.
The land is located adjacent to the group’s existing production facilities, with a tenure of 50 years. Once completed, the plant will triple its annual production capacity of copper rods from 21,000 tonnes to 75,000 tonnes by September 2011.
Hu An Cable up on institutional stake
November 19th, 2010 |
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Shares of Singapore-listed Chinese wire and cable manufacturer Hu An Cable <HACH.SI> rose as much as 5.3% today on news an institutional investor had bought a stake in the firm at a premium, a local trader said.
At 11:13 a.m., Hu An shares were up 2.7% at $0.385 with over 1 million shares changing hands.
Hu An said yesterday that SEAVI Advent, the Asian affiliate of private equity firm Advent International, bought a 4.22% stake in the firm for $0.42 from an existing shareholder.
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SEAVI Advent acquires 4.22% stake in Hu An Cable for $11.8m
November 18th, 2010 |
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Mainboard-listed Hu An Cable Holdings, one of the top 10 wire and cable manufacturers in China, says institutional investor SEAVI Advent purchased a 4.22% stake, or 28 million ordinary shares, the company from Goka Limited for about $11.8 million.
The offer price of $0.42 per share represents a 10.5% premium over the closing trade price of $0.38 per share on 15 November 2010.
After the purchase, Goka’s stake in Hu An Cable is reduced to 19.56%. Goka is a company wholly-owned by Yeung Wai Wing, a non-executive board member and substantial shareholder of the group.
SEAVI Advent is the Asian Affiliate of Advent International, a global private equity investment group that has raised more than US$26 billion in cumulative capital and invested in over 500 companies in 39 countries. Some of its prominent investments include Venture Corporation and Yangzijiang Shipbuilding (Holdings).
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Hu An Cable Holdings posts 30.2% rise in 9M net profit to $26m
November 9th, 2010 |
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Mainboard-listed Hu An Cable Holdings, one of the top 10 cable and wire manufacturers in China, has posted a 30.2% surge in net profit to RMB134.1 million ($25.9 million) for the nine months ended 30 September 2010 (9M10) from RMB103.0 million a year ago.
9M10 revenue increased by 77.3% year-on-year to RMB1,673.1 million on the back of higher sales across all its business segments. The cable and wire segment contributed RMB1,128.6 million or 67.5% to the overall revenue, while the contribution from the other segments including copper rods increased from 13.1% in 9M09 to 32.5% in 9M10.
Oct 29: Indofood Agri, CapitaMalls Asia, Tiger Air, Hu An Cable
October 29th, 2010 |
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Singapore shares may open weak on Friday after Wall Street ended little changed overnight as investors pulled back before next week’s elections and a likely announcement of more stimulus from the Federal Reserve. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.16% on Thursday to 3,129.50 points. Here are some stocks and factors to watch, according to Thomson Reuters and Bloomberg:
Hu An Cable’s TDR closes at NT$14.55 with 38m shares traded
October 28th, 2010 |
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Hu An Cable Holdings says its TDRs closed 7% higher at NT$14.55 ($0.621) with 38 million shares traded.
As each TDR represents 1.25 shares in the SGX, the closing price equates to $0.496 or a premium of 25.6% over the closing price of its one Singapore share.
A total of 120 million TDRs were issued at NT$13.60 by the China-based wire and cable manufacturer.
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Qian Hu Corporation downgraded to ‘hold’ by Phillip Securities
October 21st, 2010 |
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Phillip Securities Research in an Oct 20 research report says: “Revenue and net profit came in at $22.9 million and $1.2 million, below our forecast of $25 million and $1.7 million respectively. Generally there were remnant effects that had affected 2Q10 still visible in 3Q10.
Qian Hu posts 28% fall in 3Q net profit to $1.2m
October 18th, 2010 |
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Mainboard-listed integrated ornamental fish service provider Qian Hu Corporation today reported lower net profit attributable to shareholders for the third quarter ended 30 September, which fell 27.9% to $1.2 million, compared to the second quarter of the preceding year. Revenue fell 3.9% to $22.95 million.
Qian Hu blames the fall in revenue to the “triple whammy effects” of Icelandic volcanic ash over European airspace from April to May this year; the FIFA World Cup which dampened demand for ornamental fish and accessories exports, and drought conditions in Malaysia which affected the production of Dragon Fish fry announced in the previous quarter.
Hu An Cable wins $2.2m wind power cable contract
October 18th, 2010 |
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Mainboard-listed Hu An Cable Holdings, one of the top 10 wire and cable manufacturers in China, says it has recently secured a RMB11.0 million ($2.2 million) contract from Guodian Hefeng Wind Power Development Co. to provide wind power cables for their Daqingbei Wind Power Project Phase 1 in Huachuan County of Heilongjiang Province with an installed capacity of 49.5MW per annum.
Hu An Cable +2.4% on private equity interest
October 15th, 2010 |
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Hu An Cable (KI3.SG) +2.4% at $0.430, rising after company, in exchange filing, says Singapore-based private equity firm SEAVI Advent has approached non-executive board member, substantial shareholder Yeung Wai Wing to buy about 5.0% of Hu An’s issued shares that Yeung already owns, reports Dow Jones.
Potential acquisition of 5% stake in Hu An Cable by SEAVI Advent
October 15th, 2010 |
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Hu An Cable Holdings says Yeung Wai Wing, a non-executive board member and substantial shareholder of the company, has been approached through his wholly-owned British Virgin Islands company, Goka Limited, by SEAVI Advent to acquire about 5% of the company’s issued shares which Goka currently owns.
Hu An Cable +2.4% on private equity interest
October 15th, 2010 |
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Hu An Cable (KI3.SG) +2.4% at $0.430, rising after company, in exchange filing, says Singapore-based private equity firm SEAVI Advent has approached non-executive board member, substantial shareholder Yeung Wai Wing to buy about 5.0% of Hu An’s issued shares that Yeung already owns; says terms of sale under negotiation, no assurance that sale will be concluded.
Hu An Cable Holdings rated ‘buy’ by Phillip Securities
October 11th, 2010 |
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Phillip Securities Research in an Oct 8 research report says: “Hu An manufactures and sells various cables and wires out of Yixing, which houses the “biggest wire and cable manufacturing base in the PRCâ€.
Hu An Cable started at Buy by Phillip Securities
October 8th, 2010 |
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Phillip Securities starts Hu An Cable (KI3.SG) at Buy with $0.53 target price. Expects China-based maker of power cables to benefit from country’s RMB600 billion ($117.5 billion) investment to boost electricity market over next 10 years, says Dow Jones.
Phillip Securities notes company already supplying customers with cables meeting high standards expected in industry, while gearing up to provide higher-margin underground cables in industry’s replacement cycle.