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titan petrochemicals group l (1192) Details

Titan Petrochemicals Group Limited, an investment holding company, provides logistics, transportation, distribution, and marine services for petrochemical products in the Asia Pacific region. The company’s logistic services include offshore storage and oil transportation. Its transportation fleet consists of 12 tankers and VLCCs with a total capacity of 486,126 dwt. The company also supplies oil products; and provides bunker refueling services. In addition, it provides ship management and agency, floating storage, financing, and consultancy services. The company was formerly known as Titan (Holdings) Limited and changed its name to Titan Petrochemicals Group Limited in May 2004. Titan Petrochemicals Group Limited was incorporated in 1998 and is headquartered in Wanchai, Hong Kong. Titan Petrochemicals Group Limited is a subsidiary of Fame Dragon International Investment Limited.

185 Employees
Last Reported Date: 09/21/14
Founded in 1998

titan petrochemicals group l (1192) Top Compensated Officers

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President of China Terminals
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Compensation as of Fiscal Year 2014.

titan petrochemicals group l (1192) Key Developments

Titan Petrochemicals Group Limited Announces Change of Chief Executive

Titan Petrochemicals Group Limited announced that Mr. Zhao Xu Guang, the Chairman of the Board, has been appointed as Chief Executive with effect from 23 October 2014. The Board also announced that Mr. Tang Chao Zhang ceased to be the Chief Executive of the company with effect from 23 October 2014 but remains as Executive Director of the company. Mr. Zhao has been an executive director of the company and chairman of the Board since July 2012. He is also the chairman of the Nomination Committee of the company.

Titan Petrochemicals Group Ltd., Annual General Meeting, Sep 30, 2014

Titan Petrochemicals Group Ltd., Annual General Meeting, Sep 30, 2014., at 11:00 China Standard Time. Location: 4902, 49/F., Sun Hung Kai Centre. Agenda: To receive and consider the audited financial statements and the reports of the directors and the reports of the auditors for the years ended 31 December 2012 and 31 December 2013; to consider the re-election of directors and authorize the board of directors to fix the directors' remuneration; to re-appoint HLB Hodgson Impey Cheng Limited as auditors for the ensuing year and to authorize the board of directors to fix their remuneration; to allot, issue and deal with additional shares in the share capital of the company and to make or grant offers, agreements and options which might require the exercise of such powers be and is hereby generally and unconditionally approved; to repurchase issued shares in the share capital of the company on The Stock Exchange of Hong Kong Limited or any other stock exchange; and to transact other matters.

Titan Petrochemicals Group Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Titan Petrochemicals Group Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported profit for the period attributable to owners of the company was HKD 3,655.599 million or 38.34 cents per diluted share on nil revenue against loss for the period attributable to owners of the company of HKD 5,147.102 million or 65.82 cents per diluted share on revenue of HKD 116.663 million a year ago. Profit before tax from continuing operations was HKD 3,771.522 million against loss before tax from continuing operations of HKD 5,022.718 million a year ago. Profit for the period from continuing operations was HKD 3,771.505 million or 39.55 cents per diluted share against loss for the period from continuing operations of HKD 35,022.284 million or 64.22 cents per diluted share a year ago. Net cash inflow from operating activities was HKD 0.097 million against HKD 13.881 million a year ago.

 

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