Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Dongfang (~276)

  Print      Mail a friend

Thursday 18 August, 2011


First Day of Dealings on AIM

RNS Number : 5548M
Dongfang Shipbuilding Company Ltd
18 August 2011




Press Release

18 August 2011



Dongfang Shipbuilding (Group) Company Limited

("Dongfang" or the "Group")


First Day of Dealings on AIM


Dongfang, the international shipping company and shipbuilder, is pleased to announce its admission to the AIM market of the London Stock Exchange and the commencement of dealings in its 190,000,000 ordinary shares ("Ordinary Shares").  The Ordinary Shares will trade under the ticker DFS with ISINSG9999007926.


Northland Capital Partners Limited is acting as Nominated Adviser and Broker to the Company.


Chen Tongkao, Chief Executive Officer, said:  "The Board is delighted that Dongfang is today joining AIM; this is a significant step forward for the Group.  The listing will enhance Dongfang's standing particularly with our European customers and give us access to equity capital in the future as opportunities arise in our markets. "


"We look forward to working with our shareholders to build on the Group's prospects in both the shipbuilding and shipping markets." 


The admission document, along with the information required by AIM Rule 26, is available from the Company's website,


About the Group

The Group's principal business is in shipbuilding; manufacturing small and medium size vessels such as chemical tankers and multi-purpose containerships at its two shipbuilding yards in Anhui and Zhejiang provinces, PRC.  In recent years, the Group has diversified into shipping; owning and operating a fleet of chemical tankers out of Singapore and Hong Kong.  The Group currently has approximately 538 full time employees across the two businesses. 



The Group manufactures a variety of small and medium size vessels ranging from 3,000 DWT to 17,000 DWT for commercial customers in the international shipping markets.  The Group's principal vessels to date have been chemical tankers, bulkers and multi-purpose containerships. In 2008 - 2010, the Group completed twelve chemical tankers (ranging from 5,000 DWT to 9,200 DWT) and five multi-purpose containerships (ranging from 5,000 DWT to 17,000 DWT). The Group has recently moved into the production of 3,200 DWT stainless steel chemical vessels.  The shipbuilding order book as at 30 June 2011 amounted to approximately US$89 million, with contracted delivery dates ranging from August 2011 to January 2014.



The Group's shipping fleet comprises seven chemical tankers.  A further two vessels are under construction and due to join the fleet in 2011. Of the nine vessels, eight are 9,000 DWT chemical tankers and one is a 9,200 DWT chemical tanker. The vessels are suitable to transport industrial chemical cargoes and, to date, most customers have been shipping from Taiwan and South Korea to the PRC.




The Group's shipbuilding strategy is to increase output so as to fully utilise the increased capacity at the Anhui shipyard. The Directors intend to place greater emphasis on improving production processes to minimise the risk of default under contracts and to focus only on those customers which can demonstrate sufficient resources to complete on orders.


In the shipping business, Dongfang has developed relationships with over 20 shipping brokers to bolster sales and ensure maximum utilisation of the vessels. A number of potential customers have recently made enquiries with a view to potential orders. The Directors consider the growth of the shipping business as key to diversifying the revenues of the Group and, in doing so, mitigating some of the long contract lead times involved with shipbuilding.


The Directors will also be looking at ways to refinance the Group's current debt position.


- Ends -

For further information:

Dongfang Shipbuilding

Chen Tongkao, Chief Executive Officer

[email protected]

AKM Ismail, Finance Director

Tel: +44 (0) 7786 712 459


Northland Capital Partners Limited

Luke Cairns / Edward Hutton

Tel: +44 (0) 20 7796 8800


Media enquiries:

Abchurch Communications Limited

Joanne Shears / Quincy Allan

Tel: +44 (0) 20 7398 7709

[email protected]


This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t