China printing&dying & Ferrochina

大师

真的是屋漏偏缝连夜雨。China printing & dying 之后又一间龙筹股Ferrochina倒闭了。

大师

FERROCHINA LIMITED

Company Registration Number 35844

(Incorporated in Bermuda)

ANNOUNCEMENT

CLARIFICATION OF TRADING HALT AND BUSINESS UPDATE

The Board of Directors of the Company wishes to provide clarification on the circumstances relating to

its trading halt on 7 October 2008.

Due to the current economic crisis, the Group is unable to repay part of its working capital loans

aggregating approximately RMB706 million which has become due and payable. As a result, further

loan facilities and notes of approximately RMB2,030 million may potentially become due and payable.

There are some other working capital loans of RMB2,493 million which may also become due and

payable. The Company is currently in active negotiations with its financial lenders to explore various

options (including refinancing) to address its repayment obligations. There is however no assurance

that such negotiations or discussions will be successful, in which event, the Group will not have

sufficient cash to satisfy its financial obligations.

In view of the liquidity issues which the Group is currently facing, the Company has temporarily

ceased its manufacturing operations in its factories located in Changshu City, Jiangsu, PRC and

Changshu Riverside Industrial Park, Jiangsu, PRC. The Company is of the view that this temporary

cessation is in the interest of the Group as a whole and expects to review and (if applicable) make

further announcements, as and when developments necessitate. As a prudent measure, the

Company has further requested and Changshu City government has offered to provide any

assistance which the Company may require to help preserve or safeguard its assets in the PRC.

As announced on 16 September 2008, the Company is currently in serious discussions and

negotiations with a potential strategic investor on its investment in the Company. In addition, the

Company is currently engaged in discussions and negotiations with other potential investors who

have expressed an interest to invest in the Company. To date, no term sheet or definitive agreement

has been signed. The Company would like to assure Shareholders that the management is actively

seeking new equity and loan funding to resolve the Group's current situation, but given the weak

capital market and poor economic conditions, there is no assurance that we can be successful in

securing such funding.

Given the above situation, the Company intends to suspend the trading of its shares until it is able to

work out a scheme of arrangement for presentation to creditors and Shareholders for their

consideration. For this purpose, the Company has appointed Rajah & Tann LLP as its legal advisers,

and will also be appointing a suitable financial adviser, to advise the Company on its restructuring.

The Company will continue to keep Shareholders updated on developments as and when appropriate.

Submitted by She Chun Tai, Chairman and Chief Executive Officer, for and on behalf of the Board on

不晓得下一间是哪个公司？

csh2006

还没有倒闭。

50亿人民币的贷款债务, 差不多了。

中国金属(Ferro- China)[quote]无力偿还7亿人民币贷款 中国金属暂停股票交易

（2008-10-10）
● 于泽涵

　　中国金属(Ferro- China)无力偿还约7亿零600万元人民币的营运资本贷款，已经暂时停止了在中国江苏的生产业务。

　　公司在文告中表示，由于目前的经济危机，集团无力偿还这笔到期的营运资本贷款，这导致另一笔价值约20亿3000万元人民币的贷款也有可能到期了也无法清还,此外,集团还面对另外一笔价值24亿9300万元的营运资本贷款可能到期。

　　中国金属表示，目前正积极与其他金融机构协商，寻找各种途径包括通过再融资的方式，解决贷款偿还的问题。然而，集团不能够保证这些协商或者讨论将取得成功，如果协议失败,公司将缺乏足够现金偿还债务。

　　由于这一流动性问题，中国金属现已暂停了在中国江苏省常熟市的两处生产业务。

　　公司在文告中指出，暂停业务将对整个公司有利，并会在必要时进一步作出声明。为了谨慎起见，中国金属还向常熟市政府寻求帮助以保护公司在中国的资产，而常熟政府也愿意提供帮助。

　　正如公司在9月16日发布的文告中，中国金属正与一名潜在的战略投资商就有关投资中国金属而协商，同时也还和另外几家有意投资的公司讨论，但至今为止还未有决定性的协议达成。

　　不过，中国金属向股东保证，管理层正积极寻找新的资本和贷款解决集团现有的状况，但由于资本市场的疲软和低迷的经济环境，公司无法保证可以成功获得资金。

拟定未来计划

　　考虑到上述情况，公司将暂停交易直至可以拟定一套计划，以供债权人和股东考虑。为此，中国金属已委任立杰律师事务所（Rajah and Tann）为其法律顾问，并将委任一名合适的金融顾问，以对公司的重组进行咨询。

　新加坡交易所发言人昨晚表示，已与中国金属的董事成员以及管理层进行了接触，并密切关注公司的情况，中国金属的股票交易已经暂停。同时，该公司将提供最新信息，并了解公司有责任让投资者及时了解市场最新情况及其发展。

　　中国金属07年净利增长42％，报3亿8117万元人民币，集团营收也增加56％至59亿1537万元。但摩根大通(JPMorgan Chase)在香港的一名分析师指出，该公司面临财务问题已经有一段时间了，目前正在寻找外国的战略投资者进行重组。作为生产涂锌钢铁的公司，建筑业、制造业和家用器材工业的放缓打击了该公司的销售。

　　中国金属并未在文告中具体透露贷款涉及哪些银行。但根据公司2006年和2007年的年报，中国金属的主要银行包括花旗集团、中国建设银行以及德国商业银行(Commerzbank)。

　　根据路透社的报道，有分析员透露中国金属在上个星期，还希望通过发行1亿5000万至1亿6000万元的可转换债券进行融资，但资本市场的大幅波动使这个计划未能成行。