Hu An Cable has launched a second TDR programme where existing minority shareholders can sell their shares at a premium to the Singapore price. File photo by Leong Chan Teik

HU AN CABLE Holdings, which ranks among the top 10 wire and cable manufacturers in the PRC, has secured multiple contracts with aggregate value of RMB102.8 million from Shenhua Group Corporation Limited., the world’s largest coal producer.

Hu An Cable will supply cables for the various projects under Shenhua Group relating to power and thermal generation, coal, railway and mining activities across China.

Mr Dai Zhi Xiang, CEO & Executive Chairman of Hu An Cable, said, “As one of Shenhua Group’s qualified vendors, we stay competitive among our peers by leveraging on the core competences, capabilities and established network of our Group.

"Through our clients’ centralized procurement function, we now gain access to markets in different provinces with rich resources such as Jiangsu, Shandong, Hebei and Inner Mongolia. In particular, we will continue to focus on the power generation sector notably wind power, which we expect exponential growth following the PRC’s growing urbanization trend."

Recent story: CHINA MINZHONG, HU AN CABLE, SGX: What analysts now say....


XINREN ALUMINUM: For the first time since its IPO in Oct 2010, XinRen Aluminum has bought back its shares.

It did so on three consecutive days June 21-23, making it a rare S-chip to buy back its shares.

The purchases at the 33-34 cent level came after the stock had slid from the 55-cent level at the start of this year.

The stock has a trailing PE of 4.3X and a market capitalization of S$368 million, according to Bloomberg data.

Recent story: XINREN grows 1Q2011 revenues 57% to Rmb 2 billion but profits dented by cost pressures


Franky Fan, chairman and CEO of Anwell. File photo by Leong Chan Teik
ANWELL TECHNOLOGIES' shares were red-hot today, with a jump of 31.4%, or 8 cents, to 33.5 cents.

Volume traded was 1.263 million shares.

The stock has decisively recovered from its recent low of 26 cents on news that it had secured massive government support for its solar business.

The company had said yesterday evening that it had secured long-term funding arrangement of RMB 500 million from the Municipal Government of Dongguan for the set-up of the Group’s second thin film solar panel production plant, which is based in Dongguan.

Two days earlier, it announced a RMB 700 million government support for its first plant, which started mass-production last year.

Recent story: ANWELL gets RMB700 m government support for solar project


You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings2.350-0.030
Best World2.480-
Boustead Singapore0.9500.005
Broadway Ind0.129-0.004
China Aviation Oil (S)0.905-0.010
China Sunsine0.4100.010
Delfi Limited0.900-0.010
Food Empire1.320-
Fortress Minerals0.3150.005
Geo Energy Res0.315-0.005
Hong Leong Finance2.480-
Hongkong Land (USD)2.820-0.050
ISDN Holdings0.3050.010
IX Biopharma0.0480.005
KSH Holdings0.250-
Leader Env0.048-
Ley Choon0.0430.001
Marco Polo Marine0.0710.003
Mermaid Maritime0.142-0.001
Nordic Group0.3250.010
Oxley Holdings0.088-
REX International0.137-0.005
Southern Alliance Mining0.450-0.025
Straco Corp.0.485-
Sunpower Group0.210-
The Trendlines0.069-0.005
Totm Technologies0.0230.002
Uni-Asia Group0.8200.010
Wilmar Intl3.370-0.010
Yangzijiang Shipbldg1.780-0.030

We have 959 guests and no members online

rss_2 NextInsight - Latest News