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Last $0.11 HKD
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As of 4:01 AM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

ruifeng petroleum chemical (8096) Snapshot

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ruifeng petroleum chemical (8096) Details

Ruifeng Petroleum Chemical Holdings Limited, an investment holding company, engages in the processing of heavy oil. It also trades in fuel oil and related products; and leases storage tanks and related facilities, as well as provides engineering services. The company owns and operates 2 jetties with a capacity of 3,000 DWT each; and 47 storage tanks with a combined capacity of approximately 100,000 tons. In addition, it develops and distributes thin computing solutions (TCS) and related products, including BeTwin, WinConnect, and WinConnect Server XP, which enable users to access and run applications on operating systems, such as Windows and Linux. The company offers its TCS for call centers, kiosks, point-of-sale, and industrial applications. It operates primarily in the People’s Republic of China, Europe, the United States, Hong Kong, Singapore, and the Asia Pacific. The company was formerly known as ThinSoft (Holdings) Inc and changed its name to Ruifeng Petroleum Chemical Holdings Limited in March 2011. The company is headquartered in Central, Hong Kong. Ruifeng Petroleum Chemical Holdings Limited is subsidiary of Inno Smart Group Limited.

446 Employees
Last Reported Date: 04/1/12

ruifeng petroleum chemical (8096) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: --
Chief Operation Officer
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Executive Director
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Qualified Accountant
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Company Secretary
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Compensation as of Fiscal Year 2015.

ruifeng petroleum chemical (8096) Key Developments

Ruifeng Petroleum Chemical Holdings Limited Reports Unaudited Consolidated Earnings Results for the Year Ended June 30, 2015

Ruifeng Petroleum Chemical Holdings Limited reported unaudited consolidated earnings results for the year ended June 30, 2015. For the year, the company reported revenue of HKD 6,487,000 compared to HKD 1,758,000 a year ago. Loss before income tax was HKD 9,972,000 compared to HKD 12,642,000 a year ago. Loss for the year attributable to equity holders of the company was HKD 9,972,000 compared to HKD 12,642,000 a year ago. Net cash flows from operating activities was HKD 1,809,000 compared to HKD 140,000 a year ago.

Ruifeng Petroleum Chemical Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2015

Ruifeng Petroleum Chemical Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2015. For the period, the group's unaudited consolidated net results is expected, similar to the year 2014, to suffer considerable losses. The Board considers that such continued losses were mainly caused by the low turnover, low gross profit margin and heavy financial interests on judgment debts and loans. Total additional expenditure in interests for the six months ended 30 June 2015 amounted to approximately HKD 98,391,000; has been provided for and reflected in the books of the Group as at 30 June 2015.

Ruifeng Petroleum Chemical Holdings Limited Announces Resignation of Chan Wai Lun, Anthony as an Executive Director and Chairman of the Board and Nomination Committee

The board of directors of Ruifeng Petroleum Chemical Holdings Limited announced that Mr. Chan Wai Lun, Anthony has resigned as an executive Director and the chairman of the Board and the Nomination Committee of the Board with effect from July 1, 2015. Mr. Chan has also resigned, with effect from July 1, 2015, all his directorship in the subsidiaries of the company, viz. Thinsoft Investment Holdings Ltd. China Base International Ltd. Foshan Ruifeng Petroleum and Chemical Fuel Co. Ltd. Thinsoft Management Ltd. Famous Trend Ltd. and Sunco Development Ltd. With effect from July 1, 2015, the Board will comprise of Mr. Yue Wai Keung and Mr. Chen Xiaohua as executive Directors, Mr. Chan Kwan Pak as non-executive Director and Dr. Chen Tzyh-Trong, Dr. Lee Chung Mong and Dr. Leung Shiu Ki, Albert as independent non-executive Directors. With effect from July 1, 2015, the Nomination Committee will comprise of Dr. Lee Chung Mong and Dr. Leung Shiu Ki, Albert.


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