4th Sep 2008 07:00
HaiKe Chemical Group Ltd.
Company Update
HaiKe Chemical Group Ltd ("HaiKe" or the "Company"), the AIM quoted (AIM: HAIK) petrochemical, speciality chemical and biochemical business based in China, today announces that it has partially reopened its oil refinery facilities as a result of improved market conditions.
On 23 July 2008 HaiKe announced the temporary shutting down of its oil refinery facilities for a major overhaul as a result of consistently high oil prices and in the absence of further price adjustment notices for oil products. It was anticipated by the Directors of HaiKe that oil refining operations would resume during the current financial year, following an increase in the price of refined oil products.
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For further information please contact:
|
HaiKe |
Johnson Lau, Chief Finance Officer |
+86 (0) 546 8289173 +852 37520631 |
|
Evolution Securities Limited (Nominated adviser) |
Stuart Andrews |
+44 (0) 20 7071 4300 |
|
Evolution Securities China Limited (Financial adviser and broker) |
Barry Saint / Esther Lee |
+44 (0) 20 7220 4850 |
|
Cardew Group |
Rupert Pittman / Shan Willenbrock / Catherine Maitland |
+44 (0) 20 7930 0777 |
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