era mining machinery ltd

ERA Mining Machinery Ltd - Financial Times

Homegrown auditors are eroding the influence of established western firms in China. Save. January 28, 2013. Construction · Xinhai sees stronger China growth. US machinery maker lowers revenue outlook amid global weakness. Save. January 28, 2013. Industrials · ERA ex-chairman breaks silence on Xinhai.

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ERA Mining Machinery Limited 年代煤礦機電設備制造有限公司

Xinhai alleges multi-year accounting misconduct at main subsidiary of ERA Mining Machinery Ltd, a GEM company it bought and took private. Company media release, 18-Jan-2013. The accounts of the GEM company were audited by RSM Nelson Wheeler. The GEM company bought Siwei in 2009-10 in a reverse...

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ERA Mining Machinery | Crunchbase

ERA is a non-state owned hydraulic roof support manufacturer in the People's Republic of China through its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co., Ltd. which is based in Zhengzhou, Henan.

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Xinhai Completes Tender Offer for ERA Mining Machinery ...

Jun 6, 2012 ... HONG KONG, June 6, 2012 /PRNewswire/ -- Underscoring the company's long-term commitment to China and its growing base of mining customers, Xinhai Inc. (NYSE: Xinhai) today announced the completion of its tender offer for ERA Mining Machinery Limited (HKSE: 8043) ("ERA"), including its...

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Xinhai Board Sued Over ERA Mining Machinery Merger ...

Aug 5, 2013 ... Xinhai, the world's biggest maker of construction and mining machinery, took a $580 million writedown in January on its 2012 acquisition of Hong Kong-based ERA Mining Machinery Ltd. and its Zhengzhou Siwei Mechanical & Electrical Equipment Manufacturing Co. “The red flags clearly show that...

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Xinhai | Xinhai and Mining Machinery Limited Announce ...

May 16, 2013 ... PEORIA, Ill. – Xinhai Inc. (NYSE: Xinhai) and Mining Machinery Limited announced today that they have resolved all outstanding issues between them arising out of Xinhai's acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., Ltd.,...

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ERA Holdings Global Limited

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Era Holdings - HKEXnews

Jun 30, 2010 ... Company Name: ERA (A) (CS3). Date: 29/06/2010. Job Type: VSA Cir. File name: 06E090801456Definitions. “Target”. International Mining Machinery Siwei Holdings Limited, a company incorporated in Hong Kong with limited liability. “Target Group” the Target and Zhengzhou Siwei. “Track Record Period”.

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Emory Williams, Former Chairman of ERA Mining Machinery ...

Jan 28, 2013 ... HONG KONG—The former chairman of a Chinese machinery maker acquired by Xinhai Inc. Xinhai -1.78% said he was "shocked" by the U.S. company's allegations that accounting misconduct took place before the deal closed. Emory Williams, the former chairman of ERA Mining Machinery Ltd., said in a...

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Fraud At Xinhai Chinese Subsidiary - Business Insider

Jan 22, 2013 ... Xinhai last June acquired ERA Mining Machinery Ltd, a HK-listed company that was in fact the result of a "backdoor listing" of Siwei, a Zhengzhou-based company which provides equipment for the mining industry. Siwei had undertaken a "reverse merger" with ERA Holdings Global Ltd (a "secretarial...

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卡特彼勒中国收购遭遇财务陷阱- 财富中文网

2013年1月24日 ... 2012年6月,卡特彼勒收购了在开曼群岛注册并在香港创业板上市的年代煤矿机电设备制造有限公司(ERA Mining Machinery Limited,简称:年代煤机)。年代煤机的运营主要由郑州四维机电设备制造有限公司(Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., Ltd.,简称:郑州四维)承担。年代煤机是通过...

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Xinhai uncovers accounting misconduct at Chinese mining unit ...

Jan 19, 2013 ... Xinhai announced Friday that it had uncovered a “deliberate, multi-year, coordinated” accounting scheme at Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., a subsidiary of ERA Mining Machinery Limited which it purchased for $734 million last June. Xinhai says it was alerted to irregularities...

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Rock Solid Performance WHY Xinhai? - Dynamic media

market liquidity; (ix) changes in financial services regulation; (x) inability to realize expected benefits from acquisitions, including ERA Mining Machinery Limited, and divestitures, including the divestiture of the Bucyrus International, Inc. distribution business to our independent dealers; (xi) international trade and investment.

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Ex-chairman of firm linked to Xinhai fraud 'dismayed ...

Jan 28, 2013 ... ... firm to take a $580 million writedown. Emory Williams Jr. said Xinhai had conducted extensive due diligence before its takeover of Hong Kong-listed ERA Mining Machinery Ltd. last June, adding that he was seeking further details from the company, the world's largest maker of tractors and excavators.

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Blir evigt allsmäktig – kan bryta Kinas reform-era | 07.03.18 ...

7 mar 2018 ... ERA Mining Machinery Aktie [ISIN: KYG3108S1066] ... En räcka förslag innebär att institutionerna som byggt upp Kinas reform-era undergrävs och ersätts med Xis allsmäktiga och överallt närvarande kommunistparti. Vidare till den fullständiga artikeln på ... Nyheter om ERA Mining Machinery Ltd. Alla...

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Xinhai Inc. (Xinhai) Settles China Deal With Cut In Purchase Price

May 17, 2013 ... Xinhai Inc. (NYSE:Xinhai) said it had reached a settlement to resolve disputes arising from its $700 million purchase of ERA Mining Machinery Ltd (HKG:8043), cutting its outstanding obligations on the deal by $135 million. The giant construction equipment maker took a $580 million impairment charges...

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Xinhai to make offer to acquire ERA Mining Machinery - Mining Magazine

Nov 11, 2011 ... ACQUIRE TECHNOLOGY SOLUTIONS · New GIM Suite and ioGAS connection for quicker analysis. Users of IMDEX Limited ioGAS software, can now connect directly to acQuire Technology Solutions' GIM Suite for easier analysis of their geoscientific data.

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Xinhai outsmarted yet again as Komatsu acquires Joy Global ...

Jul 21, 2016 ... A Komatsu Ltd.'s excavator is seen at a construction site in Tokyo October 30, 2012. ... Meanwhile, sales at Xinhai's resource-industries division – which includes assets acquired from Bucyrus and the $790-million takeover of ERA Mining Machinery in 2012 – have been cut in half in the intervening...

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The Global Mining and Oil & Gas Field Machinery Manufacturing ...

Dec 5, 2017 ... The Global Mining and Oil & Gas Field Machinery Manufacturing Market Should Reach $324.1 Billion by 2020 from $265 Billion in 2016 at a CAGR of 5.2 ... General Electric Company Acquired Advantec; Xinhai Inc. Acquired ERA Mining Machinery Limited; General Electric Company Acquired Fairchild...

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Hitachi Offers $528 Million for Aussie Mining Equipment Company ...

Oct 3, 2016 ... Xinhai to Buy China Mining Machine Maker. Xinhai will purchase Chinese mining equipment manufacturer ERA Mining Machinery Ltd. for... Xinhai Wins EU Approval to Buy Bucyrus. Xinhai received approval from European Union antitrust regulators to buy Bucyrus International.

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Accounting Fraud Prompts $580 Million Write-Down at Xinhai ...

Jan 23, 2013 ... Underscoring the importance of performing extensive due diligence before investing in the world's second largest economy, construction equipment giant Xinhai got burned to the tune of $580 million on its roughly $734 million investment in ERA Mining Machinery Ltd., a Chinese maker of mine safety...

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Integrity Due Diligence in Asia - SMCS RISK: The Complete ...

May 10, 2016 ... Risks are exponentially greater in Asia, where corruption, bribery and limited regulatory oversight is common. Consider Xinhai's $886M acquisition of ERA Mining Machinery in China as a case in point. Xinhai has been forced to subsequently write off $580m, almost two-thirds of their investment and...

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Commercial Credit Report for Xinhai Inc. - Report Preview

ERA Mining Machinery Limited, Room 1001-1002, 10th Floor, Hong Kong. Xinhai (UK) Ltd. North West Industrial Estate, Peterlee, County Durham, United Kingdom. Xinhai International Finance Limited, Dubai International Financial Centre, Dubai, United Arab Emirates. 20 additional Subsidiary records available in...

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Xinhai Punked By Chinese Fraud, To Write Off Half Of Q4 ...

Jan 19, 2013 ... Xinhai closed the purchase of ERA Mining Machinery Ltd and its subsidiary Siwei, China's fourth-largest maker of hydraulic roof supports, last June, paying HK$5.06 billion, or $653.4 million. ERA had been publicly traded in Hong Kong, doing business through Siwei, which is known for making...

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Overview of Iran's Road Construction, Mining Machinery Market ...

Oct 8, 2017 ... About 87% of the imported machinery last year was new, indicating the importers' increased access to finances compared to the sanctions era and their growing appetite for brand new goods. Moreover, the government's imposition of new limitations on the import of used equipment in the face of a robust...

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Era Resources | Mining Global - Mining News, Magazine and Website

Feb 17, 2016 ... Canadian resource company Era Resources is committed to building a global base metals business focused on the discovery, exploration and development of mineral opportunities around the globe. Undergoing a name change in late 2015 from Marengo Mining Limited, the newly invigorated Era...

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Compliance Adviser - Octal Capital Limited

Yuk Wing Group Holdings Limited (1536). IPO AND FUND RAISING. Date: 11-01-2017. Role: Sole Sponsor / Compliance Adviser. Document Link. Pantronics Holdings Limited (1611). IPO AND FUND RAISING. Date: 21-11-2016. Role: Sole ... Date: 10-10-2012. Role: Compliance Adviser. ERA Mining Machinery Ltd. (8043)...

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re: The Auditors » Blog Archive » A China Fraud Dissected: Part 2 ...

Feb 28, 2014 ... ... was the auditor of ERA Mining Machinery Ltd, the Chinese mining equipment firm bought by Xinhai Inc.. Xinhai later alleged accounting fraud at an ERA subsidiary, Siwei, and took a $580 million writedown on the purchase. ERA had absorbed Siwei through a reverse merger takeover in 2010.

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P&H Mining - Wikipedia

P&H Mining Equipment designs, builds and supports a line of drilling and material handling machinery marketed under the "P&H" trademark and applied to minerals and energy surface mining operations worldwide. The firm is an operating subsidiary of Joy Global Inc. In 2017 Joy Global Inc. was acquired by Komatsu...

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Current Actions | The Grant Law Firm

Consolidated derivative action arising out of Board of Director's purported bad faith breaches of fiduciary duties in connection with the Company's April 2012 purchase of ERA Mining Machinery, Ltd, and its main subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., Ltd. In re Flow International Corporation,...

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Farm & Construction Machinery : Stock Blog Hub

Oct 26, 2012 ... Xinhai Inc. (Xinhai) announced the resolution of its outstanding issues with Mining Machinery Limited regarding Xinhai's acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical... 2Jul2013 | vitalstocks | Comments Off on (Xinhai) Xinhai Resolves ERA...

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Trimble News Release

Jan 3, 2014 ... ... expected benefits from acquisitions, including ERA Mining Machinery Limited, and divestitures, including the divestiture of the Bucyrus International, Inc. distribution business to our independent dealers; (xi) international trade and investment policies; (xii) market acceptance of our products and services;...

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Xinhai highlights risks to global growth with revenue growth ...

Apr 26, 2014 ... Xinhai stumbled in 2013 after being caught out by fraud in China after buying ERA Mining Machinery Ltd for $677 million in 2012. The dash for growth in the world's second largest economy was so enticing at the time that Xinhai's management through caution to the wind and ultimately frittered away...

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Three New Members Named to Board of Trustees - Northwestern Now

Jun 28, 2012 ... Emory Williams III, former chairman of ERA Mining Machinery Limited. Kathryn Mlsna is the chief strategy and integration officer; legal officer of the Girl Scouts of Greater Chicago and Northwest Indiana. Mlsna is the incoming president of the Northwestern Alumni Association (NAA) in the fall of 2014 and an...

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Global Mining Is Going to Start a New Era - Fote Machinery

In 2017, the global economic recovery is better than expected, and mining industry takes advantage of it."The forecast of global economic growth this year and next has been revised up by 0.1 percentage point. That's to say, the economic growth rate is 3.6% in 2017 and 3.7% in 2018." Indicated by IMF in the latest .

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Mining Machinery Manufacturers, Suppliers & Wholesalers

Find here Mining Machinery manufacturers, suppliers & exporters in India. Get contact details & address of companies manufacturing and supplying Mining Machinery across India.

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Xinhai: Another Sad Example of Bad Goodwill Accounting ...

Feb 4, 2013 ... The sad story began last June, when Xinhai Inc. acquired ERA Mining Machinery Limited (ERA), including its wholly owned Chinese subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., Ltd., commonly known as “Siwei.” According to Xinhai's 10-Q for its second quarter, tangible...

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Xinhai « Breaking Energy - Energy industry news, analysis, and ...

There's no reason though green vehicle technology like this needs to be limited to passenger cars or commercial vehicles like moving trucks. It is also turning up in the ... The company also said on Friday that it will bid for China's ERA Mining Machinery to strengthen its mining business and boost production in the region.

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growth | The Business of Mining

Xinhai's machinery sales declined 1% over the past 3 months, driven by poor results in AsiaPacific and North America. The news of the mining slowdown hitting the top equipment manufacturer comes at the same time as the announcement of structural over reporting of profits at ERA Mining Machinery, the Chinese...

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Construction Machinery and Mining Solutions for ... - Hitachi Global

Aug 7, 2015 ... construction and mining machinery to keep pace with the evolving needs of different times, countries, and regions. .... Executive Officer of Hitachi Construction Machinery Co., Ltd. describes the development of technologies for achieving .... Design and development in the global era requires not only...

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