Hankore: FY11 results out, rev of Rmb196.1m a -45.5% yoy with a Rmb405.7m loss compared to prev yr profit of Rmb222.1m. Co was formerly Bio-treat and is undergoing restructuring charges now. Recently, counter has seen a spike over the past few days.
Govt of Xianyang Shaanxi has approved the 2nd phase of the wastewater treatment plant. Co is expecting that this will start in Sep 2011 and operations to commence before 30 June 2012. The total invt amts to Rmb150m, and upon completion, the daily treatment capacity will increase by 100k tons.
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