16 May 2008 04:18 [Source: ICIS news]
SHANGHAI (ICIS news)--Nine out of the remaining 10 of the 66 companies on the Shanghai Stock Exchange whose shares were recently suspended in response to the Sichuan earthquake put out announcements on Friday.
One of them - Hongda Chemical Industry - said some of its colored metal and phosphor chemical plants were damaged badly. Workshops were also found to have cracks after the quake.
It also confirmed 31 human casualties. Hongda is located in Shifang, southwest of Deyang, one of the most damaged areas in ?xml:namespace>
Sichuan Meifeng Chemical Industry said operations at two of its businesses - Meifeng Fertilizer and Mianyang branch - were still suspended. Company sources said they will recover production as soon as possible.
Seven other previously suspended companies also published announcements on their respective quake impact this morning.
Minjiang Hydropower, however, is yet to announce any details relating to the extent of damage it had suffered due to the quake. The management team was not immediately contactable.
The massive quake on Monday has already killed more than 20,000 people and experts are estimating the total death toll to exceed 50,000.
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