Textainer Group Holdings (TGH) Posts Q3 Loss of 92c/Share
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November 8, 2016 9:01 AM EST
HAMILTON, Bermuda--(BUSINESS WIRE)--
Textainer Group Holdings Limited (NYSE: TGH) (Textainer, the Company,
we and our), one of the worlds largest lessors of intermodal
containers, reported third-quarter 2016 results.
Financial and Business Summaries
Textainers third quarter 2016 financial results were significantly
impacted by Hanjin Shipping Co.s (Hanjin) bankruptcy filing. On
August 31, 2016, Hanjin, filed for bankruptcy protection in South Korea,
the United States and certain other countries in which it previously
conducted business. Textainer had approximately 114,000 containers on
lease to Hanjin, representing 6.4% of its total fleet, on both operating
and direct finance leases.
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November 8, 2016 8:32 AM EST
CALGARY, ALBERTA -- (Marketwired) -- 11/08/16 --
Tornado Global Hydrovacs Ltd. ("Tornado" or the "Company") (TSX VENTURE: TGH) is pleased to announce that effective immediately, Mr. Chuyu Wu, has been appointed to the Board of Directors of Tornado, subject to the approval of the TSX Venture Exchange. Bill Rollins, current CEO of Tornado, commented, "We are pleased to have Mr. Wu as a Director of our company as we begin expansion of our hydrovac business in China. Mr. Wu will be replacing Huang Chao on the Board. We would like to thank Mr. Huang Chao... More
