Sino Hua-An International Berhad ("Hua-An Group") was listed on the Main Board of Bursa Malaysia on 26 March 2007. Hua-An Group is the first Red Chip counter listed on Bursa Malaysia whereby its business operation is wholly and exclusively located at Linyi City,Shandong Province, China. Hua-An Group's principal activities are production and sale of metallurgical coke. Hua-An Group is classified as a Syariah-compliant security approved by the Syariah Advisory Council of the Securities Commission, Malaysia.
Name Rationale
Sino was chosen to signify the Chinese origins of the coke manufacturing plant. Hua-An is derived from Yehua (the name of the coking plant in China- Linyi Yehua Coking Company Limited) and Antah (Antah Holdings Berhad) to represent the partnership of the two entities.
To consistently provide above average return in terms of both dividend and capital appreciation to shareholders.
To consistently provide excellent product quality, customer service and to build enduring relationships with with all stakeholders especially customers and suppliers.
To strictly comply with the environmental protection regulations set by the government and play an active role in corporate social responsibility (CSR
Hua-An Group through its wholly owned subsidiary, Linyi Yehua Coking Co., Ltd. is principally involved in the production and sale of metallurgical coke and its by-products namely coal gas, tar, ammonia sulfate, crude benzene, coal slime and middlings. Metallurgical coke contributes 79% and its by-products contribute 21% to our revenue. Hua-An Group main product metallurgical coke is a critical raw material used as energy source for the manufacturing of steel. The current production capacity of metallurgical coke is 1.8 million tones per annum. Hua-An Group has its own coal washing facility which successfully commissioned on 1 May 2007. Previously Hua-An Group bought pre-washed coal (more expensive) from raw material supplier and since May 2007 we buy raw coal (which is cheaper) and wash them by our own coal washing facility which has a designed capacity of washing 2.4 million tones of raw coal per annum. The cost saving for coal washing process is approximately 5%. Hua-An Group single production plant is located at Shen Quan Zhuang Industrial Park, Luo Zhuang District, Linyi City, Shandong Province with a build-up area of 319,014 sqm. Hua-An Group has a well-trained workforce of 1,500 workers. Hua-An Group obtained ISO 9001:2000 certification for product quality since 3 April 2006.
Dalian iron ore jumps 6% to record highs on fresh trade optimism, will it help the Aussie? By Dhwani Mehta | June 19, 2019 02:43 GMT Dalian iron ore jumps 6% to record highs on fresh trade optimism, will it help the Aussie? Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) staged a solid comeback and rallied nearly 6% to hit an all-time high of 812 yuan ($117.66) a tonne on Wednesday.
Iron ore price at fresh 5-year high Frik Els | June 14, 2019 | 2:41 pm Markets China Iron Ore Iron ore price at fresh 5-year high Chinese mills are producing steel at an annualized rate of more than one billion tonnes. Stock image News that Vale may be restarting full production at its 30m tonnes per year Brucutu mine sooner than expected did not stop traders from chasing iron ore to fresh 5-year highs on Friday.
The Chinese import price of 62% Fe content ore advanced to $110.30 per dry metric tonne, according to data supplied by Fastmarkets MB. The price of the steelmaking raw material is up 52% year-to-date.
The index price for 66% concentrate at the main Chinese port of Qingdao surged nearly 6% to reach $118.50 a tonne while Brazilian high grade (65%) exports now go for $123.70.
Iron ore price at fresh 5-year high Trade in iron ore futures inside China has become so furious that the Dalian exchange on Friday that raised trading limits and margins for the most active contract. Price movements of up to 8% is now allowed before a circuit breaker is triggered while margins will go up to 10% from 8%.
Dalian September futures gained more than 11% this week to $115.20 a tonne, the highest since the contract’s launch in 2013
Rising input costs may force hike in steel prices Iron ore price has shot up by more than half since the beginning of this year. By Vatsala Gaur, ET Bureau | Jun 20, 2019, 07.58 AM IST
Iron price up, steel price price up , sino huaan products price sure UP. Its link... The sino huaan profit will UP too. All the best to sino huaan fans.
June 25, 2019 3:00 am by Neil Hume , Natural Resources Editor When Niron Metals, a new company fronted by former Xstrata chief Sir Mick Davis, announced plans a few months ago to develop an iron ore deposit in Guinea, it surprised many people in the close-knit mining industry.
While Guinea sits on some of the richest iron ore deposits, the west African nation has never exported a single tonne of the steelmaking ingredient, mainly because of the costs involved in building infrastructure such as ports and railways.
However, the backdrop suddenly looks more favourable for Niron with iron ore prices sitting at a five-year high. Other mining investors, such as billionaire Robert Friedland, are also eyeing projects in the country.
SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR THE "COMPANY")
PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION ("PROPOSED NOTES ISSUE") On behalf of the Board of Directors of SHIB (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake the proposed issuance of redeemable convertible medium term notes (“Notes”) with an aggregate principal amount of up to RM150 million ("Proposed Notes Issue").
Please refer to the attachment for further details on the Proposed Notes Issue.
SINO HUA-AN INTERNATIONAL BERHAD ('Sino' or 'Company')
(I) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN BISTROMALONES (PJ) SDN BHD; AND (II) PROPOSED CALL OPTION Reference is made to the Company's announcement made on 3 April 2019 ("Announcement").
(Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those given to them in the initial announcement made on 3 April 2019.)
As disclosed in the item 2.6 of the Announcement, the Purchase Consideration for the Proposed Acquisition will be fully satisfied via cash which is expected to be generated from a fund raising exercise by way of issuance of 1.0% equity-linked redeemable convertible notes in relevant tranches up to an aggregate principal amount of RM200.0 million.
The Board of Directors of Sino wishes to update that there is a change in the source of funding for the Proposed Acquisition. The Purchase Consideration will be fully satisfied via cash which may be generated either from internally generated funds, external borrowings and/or some form of fund raising exercise, if deemed necessary.
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Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported.
Vale’s Feijao mine disaster, which killed around 250 people, has resulted in the loss of around 6% of seaborne supply since late January, the ABC reports.
Chinese President Xi Jinping and US President Donald Trump are expected to meet in Japan on Saturday. Photo: AFPChinese President Xi Jinping and US President Donald Trump are expected to meet in Japan on Saturday. Photo: AFP Global Economy US willing to suspend trade war tariff increase after Trump-Xi meeting at G20 in Japan, report says Chinese President Xi Jinping and US counterpart Donald Trump are set to meet in Osaka on Saturday on the sidelines of the Group of 20 meeting US has already increased tariffs on US$200 billion worth of Chinese imports from 10 per cent to 25 per cent Topic |
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valensi88
188 posts
Posted by valensi88 > 2019-06-21 17:19 | Report Abuse
back to 175 lol