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L & L Energy, Inc. Message Board

  • unemon1 unemon1 Jul 22, 2013 7:04 AM Flag

    poor market situation and economic slowdown in China

    King Stone Energy, A coal Mine in innter Mongolia:

    "The board of directors (‘‘Directors’’) of the Company (the ‘‘Board’’) wishes to inform the shareholders and
    potential investors of the Company that based on preliminary review of the unaudited management accounts
    of the Group, it is expected the Group will record a loss for the six months ended 30 June 2013 as a result of
    poor market situation and economic slowdown in China during the reporting period. However, the loss may
    be less than the loss reported in the corresponding period of 2012 depending on whether any impairment loss
    will be made on the mining rights and other assets of the Group after further assessment"

    Hong Kong, 22 July 2013.

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