Industrial Goods

  • March 27 (Reuters) - Panasialum Holdings Co Ltd: * Appointment of chan kai lun allan as executive director Source text for Eikon: Further company coverage:

  • FILE PHOTO -  The logo of Swiss engineering group ABB is seen on a office building in Vienna

    Power transmission and industrial automation company ABB has replaced its senior management in South Korea after an executive disappeared from the business with $100 million (79.43 million pounds). The Swiss company has fired the managing director and chief financial officer in charge of South Korea in the wake of the …

  • March 27 (Reuters) - Earthasia International Holding Ltd * Disposal Of 45% Equity Interests Of Shanghai Teddy FriendsInvestment Management Limited * Earthasia Linkong agreed to sell, and Yingying Shanghaiagreed to acquire sale shares, representing 45% equity interestsof JV * Deal for consideration of RMB17.8 million * Earthasia …

  • March 27 (Reuters) - Shenji Group Kunming Machine Tool CoLtd * "up to now, it is judged that company will still have aloss in 2016 and there is no possibility of profit" * Co is suspected of breach of financial regulations & itreceived investigation notification from CSRCSource text for Eikon:Further company  …

  • March 27 (Reuters) - Shenji Group Kunming Machine Tool CoLtd: * It is notified that trading in H shares of company willcontinue to be suspendedSource text for Eikon:Further company coverage:

  • March 27 (Reuters) - Shenzhen Inovance Technology Co Ltd * Says unit plans to invest 275.7 million yuan ($40.17million) in production projects Source text in Chinese: http://bit.ly/2nEK8Xe Further company coverage:($1 = 6.8640 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Zhengzhou Coal Mining Machinery GroupCo Ltd * Says 2016 net profit up 46.9 percent y/y at 62.0 millionyuan ($9.03 million) Source text in Chinese: http://bit.ly/2nEKEEP Further company coverage:($1 = 6.8640 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Dongfang Electric Corp Ltd * Says A-shares to resume trading on March 28 Source text in Chinese: http://bit.ly/2o9u2Tg Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Leyard Optoelectronic Co Ltd * Says 2016 net profit up 102.2 percent y/y at 668.8 millionyuan ($97.34 million) * Says it expects Q1 net profit to rise 100-120 percent y/yvs net profit of 81.9 million yuan year ago Source text in Chinese: http://bit.ly/2op5iFR;http://bit.ly/2n92VWD Further company coverage:($1 …

  • March 27 (Reuters) - Hytera Communications Corp Ltd * Says it agrees to buy Canada's Norsat International Inc for $62 million Source text in Chinese: http://bit.ly/2o197F8 Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Northeast Electric Development Co Ltd * Says it swings to net loss of 99.5 million yuan ($14.48million) in 2016 versus net profit of 4.9 million yuan year ago Source text in Chinese: http://bit.ly/2n9AOaI Further company coverage:($1 = 6.8707 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Xiamen Guang Pu Electronics Co Ltd * Says its Shenzhen IPO 8,924.2 times oversubscribed inonline tranche Source text in Chinese: http://bit.ly/2n8Dk0a (Reporting by Hong Kong newsroom)

  • FILE PHOTO: People covered with umbrellas walk next to a Siemens building in Munich

    German engineering group Siemens said it was committed for the long term to Britain, which will begin the formal process of leaving the European Union on Wednesday. The trains-to-turbines group employs more than 15,000 people in Britain, has played an important role in London's Thameslink and Crossrail rail projects and …

  • March 27 (Reuters) - Recon Wenyuan Cable Co Ltd * Says unit Sure Lead Holdings Ltd plans to acquire 51.0percent stake in U.S. media firm A&T Media Inc for $97.2 million Source text in Chinese: http://bit.ly/2o0PIUW Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Cnc Holdings Ltd- * Noted decrease in share price and an unusual tradingvolume of shares * Was confirmed that both xinhua news agency and chinaxinhua news network co. Limited did not have any intention todispose of any shares of co * Save as disclosed, board confirms that it is not aware ofany reasons …

  • March 27 (Reuters) - Dongxu Optoelectronic Technology Co Ltd * Says shares to resume trading on March 28 Source text in Chinese: http://bit.ly/2nEquue Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Dongxu Optoelectronic Technology Co Ltd * Says 2016 net profit down 6.5 percent y/y at 1.2 billionyuan ($174.54 million) Source text in Chinese: http://bit.ly/2nmHqn5 Further company coverage:($1 = 6.8754 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Shanghai Tunnel Engineering Co Ltd * Says it and units have received 172.1 million yuan ($25.03 million) government subsidies in 2016 Source text in Chinese: http://bit.ly/2nXAsb0 Further company coverage:($1 = 6.8754 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Shaanxi J&R Optimum Energy Co Ltd * Says unit signs battery sales contract for a combined406.5 million yuan ($59.12 million) Source text in Chinese: http://bit.ly/2oofkXO Further company coverage:($1 = 6.8754 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Wuhan Jingce Electronic Technology CoLtd * Says it plans to invest $20.0 million to set up unit inHong Kong * Says it plans to boost Suzhou unit's registered capital by120.0 million yuan ($17.45 million) to 285.0 million yuan Source text in Chinese: http://bit.ly/2mHPP7A;http://bit.ly/2o0D0Wh Further …

  • March 27 (Reuters) - Gem-Year Industrial Co Ltd * Says it wins equipment supply contract worth 102.9 millionyuan ($14.97 million) Source text in Chinese: http://bit.ly/2mHEWT0 Further company coverage:($1 = 6.8754 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Anhui Sinonet & Xinlong Science &Technology Co Ltd * Says it plans to boost Beijing unit's capital by 200million yuan ($29.09 million) Source text in Chinese: http://bit.ly/2nmQHvl Further company coverage:($1 = 6.8754 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Pearl Oriental Oil Ltd * Expected to record a profit for year ended 31 december2016 * expected results due to due to increase in fair value ofgroup's intangible assetsSource text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

  • March 27 (Reuters) - Dongguan Eontec Co Ltd * Says it cuts share issue size to 650.0 million yuan ($94.55 million) from 678.1 million yuan Source text in Chinese: http://bit.ly/2nEjyh2 Further company coverage:($1 = 6.8750 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Gome Electrical Appliances Holding Ltd * FY profit attributable to owners of parent wasapproximately rmb325 million, as compared with rmb1,208 millionin previous year * Board proposed a final dividend of HK0.70 cent perordinary share * Fy sales revenue was approximately rmb76.70 billion,increased by …

  • GOME Electrical Appliances Holding Ltd said on Monday its profit for 2016 plunged 73 percent as it revamped stores, which boosted its selling costs and operating expenses. GOME had warned in February that it expected its annual profit to fall by 65-75 percent from a year ago due to a strategic shake-up which has seen some …

  • * Vanke posts 19 pct rise in core profit to 20.9 bln yuan * Shares slide 4.6 pct in HK as profit lags analysts' estimate * Vanke president says Shenzhen Metro supports mixed ownership (Adds company comment, share performance) HONG KONG, March 27 (Reuters) - Property giant China Vanke Co , the subject of a protracted …

  • March 27 (Reuters) - Harbin Electric Corporation JiamusiElectric Machine Co Ltd * Says trading in shares to halt from March 28 pendingannouncement Source text in Chinese: http://bit.ly/2o94aXP Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Shandong Hi-Speed Road and Bridge CoLtd * Says 2016 net profit up 14.0 percent y/y at 429.7 millionyuan ($62.50 million) Source text in Chinese: http://bit.ly/2n8xCLG Further company coverage:($1 = 6.8750 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Shenzhen Sunlord Electronics Co Ltd * Says it plans to boost investment unit's capital by 200.0million yuan ($29.09 million) to 220.0 million yuan * Says it signs agreement to acquire 35.0 million shares inceramics firm for 288.0 million yuan Source text in Chinese: http://bit.ly/2ns17eM;http://bit.ly/2n8CQXE …

  • March 27 (Reuters) - Flower King Eco-Engineering Inc * Says it scraps major plan, trading in shares to resume onMarch 28 Source text in Chinese: http://bit.ly/2n8oc2P Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Jihua Group Corp Ltd * Says it signs strategic agreement with Bulgaria'sWalltopia AD to promote fitness and recreation activities inChina Source text in Chinese: http://bit.ly/2o9hN9i Further company coverage: (Reporting by Hong Kong newsroom)

  • (Reuters) - Babcock International reached a deal with Britain's Nuclear Decommissioning Authority (NDA) on Monday to end a contract to clean up 12 Magnox nuclear sites, pulling 800 million pounds ($1.01 billion) from Babcock's order book. The British engineering outsourcer said the contract will be scrapped at the end …

  • March 27 (Reuters) - Zhejiang East Crystal Electronic Co Ltd * Says Chairman Li Qingyue resigns as he has reachedretirement age Source text in Chinese: http://bit.ly/2omSmQI Further company coverage: (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Anhui Guozhen Environment ProtectionTechnology Joint Stock Co Ltd * Says its consortium expects to win water treatment pppproject with investment of about 216 million yuan ($31.41million) Source text in Chinese: http://bit.ly/2nrr26B Further company coverage:($1 = 6.8763 Chinese yuan renminbi) (Reporting …

  • The Dow logo is seen on a building in downtown Midland, Michigan

    BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager will announce a decision on a merger case at around noon, the European Commission said on Monday, without giving further details. Last week, sources told Reuters that Vestager would give the green light to the $130 billion Dow Chemical and DuPont merger this week. …

  • (Reuters) - UK-based materials testing company Exova Group said on Monday it had received proposals for a possible cash offer, including one from Dutch firm Element Materials Technology. Exova's shares rose 14 percent to 254.28 pence in morning trading on the London Stock Exchange, hitting a near three-year high. The …

  • March 27 (Reuters) - Shenzhen O-film Tech Co Ltd * Says it expects Q1 net profit to rise 50-60 percent y/yfrom 124.7 million yuan ($18.14 million) a year ago Source text in Chinese: http://bit.ly/2o7m0dJ Further company coverage: ($1 = 6.8729 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Zhejiang Narada Power Source Co Ltd * Says it plans to acquire 49 percent stake Anhui companyfor 1.96 billion yuan ($285.24 million) via cash, share issue * Says it plans to raise up to 500 million yuan in shareprivate placement to help fund the acquistion Source text in Chinese: http://bit.ly/2nqEmYw …

  • March 27 (Reuters) - Harbin Air Conditioning Co Ltd * Says it signs contract worth 712.1 million yuan ($103.50million) with India's Bharat Heavy Electricals Limited on NorthKaranpura power project Source text in Chinese: http://bit.ly/2n7Qmfi Further company coverage:($1 = 6.8803 Chinese yuan renminbi) (Reporting by …

  • March 27 (Reuters) - Qingdao Haili Metal One Co Ltd * Says it plans to transfer 60 percent stakes in two unitsfor 260 million yuan ($37.79 million) Source text in Chinese: http://bit.ly/2nqxytX Further company coverage:($1 = 6.8803 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Tus-Sound Environmental Resources CoLtd * Says it signs construction PPP project of investment159.56 million yuan ($23.19 million) Source text in Chinese: http://bit.ly/2nqmOMl Further company coverage:($1 = 6.8803 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Xinfengming Group Co Ltd * Says it issues prospectus for Shanghai IPO Source text in Chinese: http://bit.ly/2nD9btS (Reporting by Hong Kong newsroom)

  • March 27 (Reuters) - Jiangsu Expressway Co Ltd * Co, Guangjing Xicheng, and Ningchang Zhenli entered intoexpressway network management services framework agreements * Co, Guangjing Xicheng, Ningchang Zhenli entered expresswaynetwork technical services framework and ETC customer serviceoutlets management agreements * Expected …

  • Brazil's Andrade Gutierrez tries to sell Cemig, … Reuters - Mon, Mar 27, 2017 12:20 AM SGT

    Brazilian conglomerate Andrade Gutierrez is looking to sell stakes in power utility Cemig, hydroelectric dam Santo Antonio and call centre group Contax as it tries to cut debt and expand abroad after a corruption scandal, its chief executive officer said in a newspaper interview published on Sunday. CEO Ricardo Sena told …

  • BRIEF-Jiangsu Expressway's 2016 net profit up 33.5 … Reuters - Sun, Mar 26, 2017 10:19 PM SGT

    March 26 (Reuters) - Jiangsu Expressway Co Ltd * Says its 2016 net profit up 33.5 percent y/y at 3.3billion yuan ($479.63 million) Source text in Chinese: http://bit.ly/2nTGsS2 Further company coverage:($1 = 6.8803 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • China Vanke's profits climb 19 pct on record property … Reuters - Sun, Mar 26, 2017 7:37 PM SGT

    Property giant China Vanke Co , the subject of a long-running battle for boardroom control, said on Sunday its core profit last year rose 19 percent, thanks to record sales. The property giant has been in crisis since late 2015 as financial conglomerate Baoneng Group built up a 25 percent stake to become its largest shareholder …

  • Tesla to take orders for solar roof tiles starting … Reuters - Sat, Mar 25, 2017 7:41 AM SGT
    A Tesla logo hang on a building outside of a Tesla dealership in New York

    (Reuters) - Tesla Motors Inc will start taking orders for its solar roof tiles in April, Chief Executive Elon Musk said in a Tweet on Friday. The solar-powered roof shingles were unveiled in October last year to show the benefits of combining his electric car maker with solar installer SolarCity Corp . There was no detail …

  • Tesla to take orders for solar roof tiles starting … Reuters - Sat, Mar 25, 2017 7:41 AM SGT
    A Tesla logo is seen at its planned store in Hanam

    (Reuters) - Tesla Motors Inc will start taking orders for its solar roof tiles in April, Chief Executive Elon Musk said in a Tweet on Friday. The solar-powered roof shingles were unveiled in October last year to show the benefits of combining his electric car maker with solar installer SolarCity Corp . There was no detail …

  • Electroimpact to pay $485,000 over alleged hiring  … Reuters - Sat, Mar 25, 2017 5:11 AM SGT
    Boeing logo at their headquarters in Chicago

    (Reuters) - Boeing Co and Airbus Group SE tooling supplier Electroimpact Inc has been fined $485,000 (388,546 pounds) after an investigation alleged that it had a discriminatory hiring policy, the Washington State Attorney General said on Friday. Boeing and Airbus use Electroimpact robotic machines throughout their jetliner …

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