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BackNov 28, 2016
Type Announcement
Subject OTHERS
Description

SINO HUA-AN INTERNATIONAL BERHAD ("HUA-AN" OR "COMPANY") - NEW DEVELOPMENT WITHIN THE COKE INDUSTRY

The Board of Directors of the Company wishes to announce that it has recently chanced upon some developments within the industry under the general aspirations of the provincial government, albeit unofficial, which may have an impact on the business of the Group’s subsidiary Linyi Yehua Coking Co., Ltd.

Pursuant to the government’s effort to address the continued excess capacity in various industries and environmental pollution concerns, the provincial government is contemplating a plan to reduce and/or relocate some of the existing facilities of the various industry away from highly populated areas.  Notwithstanding the above however, the Group has not received any official written directive from any authorities on this matter nor have the local government produced any detailed specifics and logistics on how such plans are to be realised. 

The purpose of this announcement serves more as a voluntary dissemination of information on potential developments within the industry that has come to our knowledge, albeit still unofficial, that might be of interest to our shareholders.

This announcement is dated 28 November 2016.

 


Announcement Info

Company Name SINO HUA-AN INTERNATIONAL BERHAD
Stock Name HUAAN
Date Announced 28 Nov 2016
Category General Announcement for PLC
Reference Number GA1-28112016-00121