Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Ocean Industry Group Ltd    0651   BMG2113Q1050

CHINA OCEAN INDUSTRY GROUP LTD

(0651)
SummaryChartsNewsCalendarCompany 
News SummaryMost relevantAll newsOfficial PublicationsSector news

China Ocean Shipbuilding Industry Group : PROFIT WARNING (in PDF)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/13/2013 | 12:12am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA OCEAN SHIPBUILDING INDUSTRY GROUP LIMITED

(Incorporated in the Bermuda with limited liability)

(Stock code: 00651) PROFIT WARNING

This announcement is made by China Ocean Shipbuilding Industry Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Board wishes to inform the Shareholders and potential investors that based on the preliminary review of the unaudited management accounts of the Group, the Group is expected to record significant decrease in revenue and increase in loss for the six months ended 30 June 2013 as compared to those for the corresponding period of last year. The decrease in revenue and increase in loss were mainly due to the downturn of shipbuilding market, decrease in the market selling price of ships, appreciation of Renminbi and the absence of a one-off gain on settlement of deferred consideration in 2013.
The information contained in this announcement is based on the preliminary review of the management accounts of the Group and the information currently available to the Board. As at the date of this announcement, the Group's first half results for the six months ended 30 June
2013 have not been finalized. Shareholders and investors are advised to read carefully the interim results announcement of the Company for the six months ended 30 June 2013 which is expected to be published by the end of August 2013.
By order of the Board

China Ocean Shipbuilding Industry Group Limited CHAU On Ta Yuen

Chairman

Hong Kong, 12 August 2013

As at the date of this announcement, the Board of the Company comprises four executive directors, namely, Mr. Chau On Ta Yuen, Mr. Li Ming, Mr. Zhang Shi Hong and Mr. Wang San Long; and three independent non-executive directors, namely, Ms. Xiang Siying, Mr. Hu Bai He and Xiang Ying.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA OCEAN INDUSTRY GROUP
06/14CHINA OCEAN INDUSTRY : Ind to sell 60% of company at RMB20m
AQ
04/01CHINA OCEAN INDUSTRY : Chi Ocean Ind year loss widens to HK$1.55bn; no div
AQ
2018YANGZIJIANG SHIPBUILDING : venturing into mining business
AQ
2018CHINA OCEAN INDUSTRY : to form mining company with RMB150m
AQ
2018CHINA OCEAN INDUSTRY : to form shipbuilding JV & mining company
AQ
2016CHINA OCEAN SHIPBUILDING INDUSTRY : VOLUNTARY ANNOUNCEMENT TERMINATION OF THE AC..
PU
2016CHINA OCEAN SHIPBUILDING INDUSTRY : DISCLOSEABLE TRANSACTION FORMATION OF JOINT ..
PU
2016CHINA OCEAN SHIPBUILDING INDUSTRY : CHANGE OF COMPANY NAME AND STOCK SHORT NAME ..
PU
2016CHINA OCEAN SHIPBUILDING INDUSTRY : DATE OF BOARD MEETING (in PDF)
PU
2016CHINA OCEAN SHIPBUILDING INDUSTRY : LIST OF DIRECTORS AND THEIR ROLE AND FUNCTIO..
PU
More news
Chart CHINA OCEAN INDUSTRY GROUP LTD
Duration : Period :
China Ocean Industry Group Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA OCEAN INDUSTRY GROUP
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Managers
NameTitle
Shi Hong Zhang Chief Executive Officer & Executive Director
Ming Li Chairman
On Ta Yuen Chau Non-Executive Director
Bai He Hu Independent Non-Executive Director
Si Ying Xiang Independent Non-Executive Director