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BackMar 11, 2015
Type Announcement
Subject OTHERS
Description SINO HUA-AN INTERNATIONAL BERHAD ("HUA-AN" OR "THE COMPANY")
- TEMPORARY SHUTTING DOWN OF PRODUCTION IN SUBSIDIARY, NAMELY LINYI YEHUA COKING CO. LTD.

Pursuant to the China central government’s toughened stance towards the overall pollution concerns and the persistently heavy pollution experienced in Linyi city, the local Ministry of Environmental Protection of the People’s Republic of China (“MOEP”) has recently initiated a more stringent scrutiny onto heavy industries which are perceived to be polluting and having excess capacity which include steel mills, coke production plants, cement plants, aluminum smelters, glass panel plants, etc.  However, all steel mills and coke producers, regardless of their standards of compliance, have been instructed to stop production temporarily until such time when the assessment by MOEP can be concluded and appropriate clearance is given by the local government.

In view of the above, the Board of Directors of Sino Hua-An International Berhad (“Hua-An”) wishes to announce that the Company’s subsidiary namely Linyi Yehua Coking Co., Ltd located at Linyi city, has complied with the notification received from the local authorities to stop production temporarily pending completion of the compliance inspection by them.

Be that as it may, the Board of Directors of Hua-An wishes to highlight that the Company had already begun implementing technical improvements relating to the dust collection equipment and desulphurization equipment in Financial Year 2014 which will amount to approximately RMB28 million and RMB40 million respectively.

This announcement is dated  11 March 2015.

 


Announcement Info

Company Name SINO HUA-AN INTERNATIONAL BERHAD  
Stock Name HUAAN    
Date Announced 11 Mar 2015  
Category General Announcement
Reference No CS-150311-65252