China BlueChemical taps coal chemical - 500 Beiträge pro Seite
eröffnet am 17.10.07 07:14:23 von
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China BlueChemical Ltd announced Thursday that the company and State-owned Assets Supervision and Administration Commission of Jincheng City, Shanxi Province (SASAC of Jincheng) inked an agreement to launch the China BlueChemical Jincheng City Chemical Co Ltd jointly, the China Securities Journal reported on Thursday.
The agreement still needs the governmental approval.
The new company is to specialize in developing, manufacturing and selling of chemical fertilizers and chemical products.
With registered capital of RMB 1.6 billion, the new company will construct urea production equipments of estimated production capacity of 1 million ton during the first construction phase in Jincheng City.
China BlueChemical will invest RMB 1.2 billion into the new company, and SASAC of Jincheng is to inject RMB 400 million, holding 75 percent and 25 percent stake in the company respectively.
The agreement still needs the governmental approval.
The new company is to specialize in developing, manufacturing and selling of chemical fertilizers and chemical products.
With registered capital of RMB 1.6 billion, the new company will construct urea production equipments of estimated production capacity of 1 million ton during the first construction phase in Jincheng City.
China BlueChemical will invest RMB 1.2 billion into the new company, and SASAC of Jincheng is to inject RMB 400 million, holding 75 percent and 25 percent stake in the company respectively.
Antwort auf Beitrag Nr.: 32.040.259 von OstraderX am 17.10.07 07:14:23DJ MARKET TALK: China BlueChem +3%; A-Share/Acquisition Play -UOB Oct 16, 2007 12:19
1210 [Dow Jones] STOCK CALL: China BlueChemical (3983.HK [News / Quote]) +3.0% at HK$6.28, off early high of HK$6.50, tipped as 'an A-share listing and acquisition play,' by UOB. Given its HK$2.24 billion of cash on hand, support from parent CNOOC Group, CBC has plenty of acquisition opportunities in coming years. Stock now trading at only 17X FY08 PER, which below 20-30X for domestic peers. Keeps on Buy call, target price at HK$6.40.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
1210 [Dow Jones] STOCK CALL: China BlueChemical (3983.HK [News / Quote]) +3.0% at HK$6.28, off early high of HK$6.50, tipped as 'an A-share listing and acquisition play,' by UOB. Given its HK$2.24 billion of cash on hand, support from parent CNOOC Group, CBC has plenty of acquisition opportunities in coming years. Stock now trading at only 17X FY08 PER, which below 20-30X for domestic peers. Keeps on Buy call, target price at HK$6.40.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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