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rosan resources holdings ltd (578) Details

Rosan Resources Holdings Limited, an investment holding company, produces and sells coal, and trading purchased coal in the People’s Republic of China. The company owns five coal mines comprising Xingyun Coal Mine, Xiaohe Coal Mine, and Xiangyang Coal Mine with a total area of approximately 7.7 square kilometers. It is also involved in the trade of mining equipment and consumable tools, as well as construction materials and accessories of mining machineries; provision of management services; and project investment, asset and investment management, and investment consultation service activities. In addition, the company develops computer software and applications for small and medium size enterprises for procurement management and application procedures, as well as provides information technology services to the enterprises operating in the food and beverage industry. Rosan Resources Holdings Limited is headquartered in Wan Chai, Hong Kong.

1,000 Employees
Last Reported Date: 09/25/14

rosan resources holdings ltd (578) Top Compensated Officers

Deputy Chairman and Chief Executive Officer
Total Annual Compensation: $2.3M
Total Annual Compensation: $2.1M
Chief Financial Officer and Company Secretary
Total Annual Compensation: $1.3M
Executive Director
Total Annual Compensation: $650.0K
Executive Director
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

rosan resources holdings ltd (578) Key Developments

Rosan Resources Signs Agreements with Bohai Shipbuilding Heavy Industry and WnD Fushun Heavy Industry

Rosan Resources announced that it signed agreements with Bohai Shipbuilding Heavy Industry and WnD Fushun Heavy Industry to set up a manufacturing venture and a sales venture. The manufacturing venture will make and sell LNG tanker containers; the sales venture will develop and sell natural gas and clearn energy. The maximum registered capital in the manufacturing venture is CNY 100 million; Bohai Shipbuilding, WnD Fushun and Rosan will hold 40%, 33% and 27% equities respectively. The maximum registered capital in the sales venture is CNY 10 million; Bohai Shipbuilding and WnD Fushun will hold 49% and Rosan will hold 51% interest.

Rosan Resources Holdings Limited Reports Unaudited Consolidated Unaudited Earnings Results for the Six Months Ended June 30, 2014

Rosan Resources Holdings Limited reported unaudited consolidated unaudited earnings results for the six months ended June 30, 2014. For the period, the company reported revenues were HKD 99,735,000 against HKD 157,823,000 a year ago. Loss before income tax was HKD 141,337,000 against HKD 176,763,000 a year ago. Loss for the period attributable to owners of the company from continuing operations were HKD 134,524,000 or 18.876 HK cents basic and diluted per share against HKD 164,700,000 or 23.110 HK cents basic and diluted per share a year ago. The reduction in revenue was primarily due to the suspension of all the Group's coal mines since May 2014 resulting from an accident occurred in Xiangyang Coal Mine. The reasons for the decrease in net loss attributable to the owners of the company for the Period were mainly due to the decrease in administrative expenses and finance costs as explained above and the decrease in the share of losses of associates resulting from the reduction in unrealized loss incurred on stock investment by an associate during the Period, partially offset by the impairment loss on interest in an associate amounted to approximately HKD 26.6 million for the Period.

Rosan Resources Holdings Limited to Report First Half, 2014 Results on Aug 27, 2014

Rosan Resources Holdings Limited announced that they will report first half, 2014 results on Aug 27, 2014


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