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Halt! Hongwei plunged for the past few days, for no apparent reasons. Similar to Hongx! Both are now halted!
I'd venture a guess that the halt is to do with the abnormal price actions. Someone's manipulating the prices? Depressing it to buy on cheap?
| REQUEST FOR TRADING HALT |
| * Asterisks denote mandatory information |
| Name of Announcer * | HONGWEI TECHNOLOGIES LIMITED |
| Company Registration No. | 36568 |
| Announcement submitted on behalf of | HONGWEI TECHNOLOGIES LIMITED |
| Announcement is submitted with respect to * | HONGWEI TECHNOLOGIES LIMITED |
| Announcement is submitted by * | Gui Kim Young |
| Designation * | Independent Director |
| Date & Time of Broadcast | 24-Feb-2011 15:32:25 |
| Announcement No. | 00074 |
| > > ANNOUNCEMENT DETAILS |
| The details of the announcement start here ... |
| Date of Trading Halt * | 24-02-2011 | |
| Time of Trading Halt * | 1535 hours | |
| Reasons for Trading Halt * |
|
Sure ?? Ok tmr buy up !!
cheongsl ( Date: 26-Feb-2008 21:51) Posted:
|
Next China Gem shares.
arab investor jus know to invest after that price will sleepy in coma,,,, they look for long long long term,,,,,forget it
for those value investors, this is one which MAYBE you could take a look... Up to you :)
Latest news 1 Oct:
Hongwei goes environmental with recyclable PET bottle as raw materials
- R&D efforts help modify production process thereby
reducing costs by 5 ? 10%
- Expected to have a positive impact on FY2007?s bottom
line
Singapore, 1 October 2007 ? Continuous R&D efforts and collaboration with various
research institutes have helped main-board listed Hongwei Technologies Limited
(?Hongwei?) (宏维科技有限公司) go the environmental way, and at the same time, modify
production process for one of its products, polyester differential Pre-Oriented Yarn
(?POY?). As a result of the modified process, Hongwei will be able to cut production
costs by 5 ? 10%. These cost savings will translate into higher margins for Hongwei, a
PRC-based polyester fibre manufacturer and supplier serving more than 600 customers.
In line with the Chinese Government?s focus on environmental-friendliness, Hongwei will
use the recyclable PET bottle (?
聚酯瓶片
?) to replace the traditional PET chips in its new
modified production process for its POY. Hongwei has since started the modified
process on its POY whose quality was found to be of national standards. POY, a type of
long fibre, can be used to manufacture fabrics for garments and curtains.
?All these years, we have been placing high emphasis on research and
development so as to provide our customers with quality and customized
products. We are happy that our efforts have paid off. The modified production
process for POY has not only helped the company cut costs, it has also enabled us to go environmental by using the recyclable raw materials in our production
process.?
~ Mr Wu Guoxin - Chief Operating Officer, Hongwei Technologies
Hongwei recorded revenue growth of 83.7% to RMB 152.8 million and net profit growth
of 60% to RMB 29.3 million in 1H2007. Earnings per share also increased 50.8%, from
RMB 9.67 cents in 1H2006 to RMB 14.58 cents in 1H2007. Revenue from POY
contributed 34.7% to its 1H2007 revenue.