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Halt of China Plant to Hit Hongda Earnings

5.7.12

SHANGHAI—China’s Sichuan Hongda Co., 600331.SH -6.33% which was at the center of recent protests in the southwestern province of Sichuan, said Thursday that a halt in the construction of its metals project in the province will have an impact on its earnings.

Hongda’s statement comes two days after leaders in Shifang, a largely poor city in Sichuan, pledged to scrap the plan to build a molybdenum-copper alloy factory by the Shanghai-listed company.