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huscoke resources holdings l (704) Details

Huscoke Resources Holdings Limited, an investment holding company, produces and trades in coke in Mainland China. The company operates through Coke Trading, Coal-Related Ancillary, and Coke Production segments. Its coal-related ancillary operations include coal washing, power generation, logistics service, and heat production. The company was formerly known as Frankie Dominion International Ltd. and changed its name to Huscoke Resources Holdings Limited in September 2008. Huscoke Resources Holdings Limited is based in Admiralty, Hong Kong.

1,471 Employees
Last Reported Date: 09/29/16

huscoke resources holdings l (704) Top Compensated Officers

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Executives, Board Directors

huscoke resources holdings l
Huscoke Resources Holdings Limited Announces Executive Changes

The board of directors of Huscoke Resources Holdings Limited announced that Ms. Man See Yee resigned as the Chief Financial Officer of the company with effect from 31 January 2017. The Board of the company also announced that Mr. Wong Man Yuk Raymond has joined the company as Financial Controller. Prior to joining the Company, Mr. Wong worked for the audit department of Deloitte Touche Tohmatsu, and was the Chief Financial Officer or Financial Controller for various listed and private companies in Hong Kong and Singapore.

Huscoke Resources Holdings Limited Provides Earnings and Production Guidance for the Financial Year Ended December 31, 2016

Huscoke Resources Holdings Limited provided earnings and production guidance for the financial year ended December 31, 2016. The board of directors of the company informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited management accounts of the Group for the financial year ended December 31, 2016, the financial results of the Group for fiscal year 2016 are expected to record a consolidated profit after tax as compared to a consolidated loss after tax of the Company of approximately HKD 130.74 million for the financial year ended December 31, 2015. The Board considers that the expected profit for fiscal year 2016 is primarily attributable to the increase in the price of coke from around RMB 700/tonne in April 2016 to around RMB 2,000/tonne in December 2016 that leads to an increase in gross profit from the second to the fourth quarter of Fiscal Year 2016.

Huscoke Resources Holdings Limited Announces Executive Changes

Huscoke Resources Holdings Limited appointed Li Chi Chung as Company Secretary. The effective date is November 25, 2016. The Board announced that, with effect from 25 November 2016: Mr. Wong Siu Hung, Patrick, a current executive Director, Joint General Manager and Authorized Representative of the Company was re-designated from his current office of Joint General Manager to General Manager (and would remain as an executive Director and Authorized Representative); Mr. Li Baoqi, a current executive Director and Joint General Manager of the Company was re-designated from his current office of executive Director and Joint General Manager to non- executive Director; and Mr. Li Chi Chung was appointed as the Company Secretary to replace Mr. Chang Chi Wai, Stanley as the Company Secretary of the company.

 

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704

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Valuation 704 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 37.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.0x
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