Hanwei changes financial year-end

    TSX: HE

    VANCOUVER, May 25 /CNW/ - Hanwei Energy Services Corp. ("Hanwei" or the
"Company") announced that it has changed its year-end from December 31 to
March 31. For the transition year, Hanwei is required to provide audited
financial statements for the fifteen-month period from January 1, 2009 to
March 31, 2010. The primary reason for the change of year-end is to better
align Hanwei's financial reporting with the business cycles of its operations.
A notice of change in year-end, which sets out the length and ending dates of
periods, including the comparative periods, of the interim and annual
financial statements required for the Company's transition year and its new
financial year, has been filed on SEDAR and is accessible at www.sedar.com.
The Company has also received approval from the Canada Revenue Agency to
change its fiscal year from December 31 to March 31 for tax reporting

    About Hanwei Energy Services Corp.

    Hanwei Energy Services Corp. provides high value products and services
for the energy sector in China and the Asia region. Hanwei serves its major
energy customers through manufacturing facilities in China, producing products
for the oil, coal power and wind power industries. Hanwei is focusing on
providing products and services that address the growing need for improved
energy efficiency and environmental protection in China and the Asia region.

For further information:

For further information: Kim Oishi, SVP of Finance and Business
Development, (416) 804-9228, koishi@hanweienergy.com; Kevin O'Connor, Investor
Relations, (416) 962-3300, ko@spinnakercmi.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890