China Trading Stocks

[kindama]

WH Update
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WSP Holdings Limited Announces Update on Going Private Transaction

PR Newswire

WUXI, China, Jan. 2, 2014

WUXI, China, Jan. 2, 2014 /PRNewswire/ -- WSP Holdings Limited(WH) (" WSP Holdings(WH)" or the "Company"), a leading Chinese manufacturer of API (" American Petroleum Institute") and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced that the parties to the going private transaction of the Company previously announced on February 21, 2013 are in discussions with the special committee of the Company's board of directors regarding, among other things, extending the outside date of December 31, 2013 under the Agreement and Plan of Merger in order to give the parties more time to complete the transaction. The Company cautions its shareholders and others considering trading in its securities that there can be no assurance that an agreement will be reached.