Anchun: Expects To Incur A Loss In 2Q 2016.

28 Jul 2016 17:31

Due to on-going macro-economic structure reform in PRC and the worldwide low oil and gas prices and basic chemical prices including methanol and urea, some of Anchun International Holdings Ltd's customers have delayed the delivery of finished goods ordered and postponed new investment projects. This has resulted in a decrease of the Group's revenue in the second quarter of 2016. Hence, the Group expects to incur a loss in 2Q 2016...

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