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WSP Holdings Limited (ADR)
No. 38 Zhujiang Road, Xinqu
Phone: +86 51085226351p:+86 51085226351 WUXI, JNG  214028  China Fax: +86 51085226351f:+86 51085226351
On September 30, 2014, a supplier of Wuxi Seamless Oil Pipes Co., Ltd., the Company's main operating subsidiary and which holds over half of the Company's assets and historically has generated the majority of the Company group's consolidated revenues, applied to the local court for Wuxi Seamless to enter bankruptcy proceedings due to Wuxi Seamless' not having timely paid amounts outstanding to such supplier. On October 9, 2014, the court ruled that Wuxi Seamless enter into a bankruptcy re-structuring proceeding. On October 10, 2014, an administrator was appointed by the court to begin the process of examining Wuxi Seamless' business and assets to see how they might best be utilized to satisfy the claims for unpaid loans and other amounts outstanding made by Wuxi Seamless' lenders and other creditors.
This company is no longer actively traded on any major stock exchange.
Business Summary
WSP Holdings Limited is an integrated manufacturer specialized in oil country tubular goods (OCTG). The Company's products primarily consist of tubing, casing, line pipes and drill pipes. The Company also produces heat-insulating tubing, tube for perforating gun, slotted screen pipes, boiler tubes and other pipes, including electric resistance welding (ERW) pipes, in different specifications. The Company's product portfolio is divided into two categories: American Petroleum Institute (API) products and WSP series of products. The Company's API products include API 5CT tubing and casing, API 5L line pipes and API 5D drill pipe products. Its non-API products include high-collapse casing, tubing and casing for steam injection wells, carbon dioxide or hydrogen sulfide (CO2/H2S) resistant tubing and casing, H2S corrosion resistant tubing and casing, extreme-line drill pipe, CO2 corrosion resistant tubing and casing, WSP-1T Premium Connection Series and WSP-2T Premium Connection Series.
(Source: Company's Website)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/201312/31/2011YesYes---

Industries
SIC Code Description
3533 Oil and gas field machinery and equipment
3312 Steel works, blast furnaces (including coke ovens), and rolling mills
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer LonghuaPiao 50 8/1/2007 1/1/1999
Chief Financial Officer Choon-HoiThen 56 3/1/2011 3/1/2011
Vice General Manager - Human Resources JiaxingLiu 66
9 additional Officers and Directors records available in full report.

Business Names
Business Name
Bazhou Seamless Oil Pipes Co., Ltd.
First Space Holdings Limited
Houston OCTG Group, Inc.
6 additional Business Names available in full report.

General Information
Number of Employees: 3,552 (As of 12/31/2012)
Outstanding Shares: 204,375,226 (As of 3/31/2013)
Stock Exchange: OTC
Fax Number: +86 51085226351


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Saturday, July 22, 2023