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  • November 29, 2014
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Results 1 - 9 of 9 for anshan

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  1. Business - Companies - METALS

    Angang Steel to sell loss-making plants to parent Anshan

    Posted Nov 22nd 2012, 12:00am by Eric Ng

    ... consecutive year of net loss and ease the risk of a mainland delisting. The steelmaker clinched a deal to sell a 45 per cent stake in Tianjin Tiantie to Anshan Iron and Steel Group for 1.18 billion ...

  2. Angang Steel shares drop as weaker growth hits

    Posted Apr 17th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com Angang Steel shares dropped as much as 5 per cent yesterday on a profit warning and weaker-than-expected economic growth on the mainland. The largest steel company traded in Hong Kong expects to lose 1.89 billion yuan (H ...

  3. Angang's accounting raises eyebrows

    Posted Sep 28th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Angang Steel, the listed unit of state-owned Anshan Iron & Steel Group, has raised the estimated useful life of its assets, in a move analysts say will artificially boost the company's bottom-line figures amid falling steel prices and high costs. The company revised projections on how long its assets could generate revenue and services, extending ...

  4. Angang Steel to reduce exports as new levy eats into margins

    Posted Apr 17th 2008, 12:00am by Carol Chan

    ... yesterday. The Anshan, Liaoning-based steelmaker increased production by 6.42 per cent to 14.93 million tonnes last year, of which 3.14 million tonnes was sold to overseas customers. ...

  5. Angang Steel drops after downgrade

    Posted Apr 16th 2008, 12:00am by Carol Chan

    ... Carol Chan Shares in Angang Steel, the listed arm of the mainland's second-largest steelmaker, plunged 8.21 per cent yesterday in Hong Kong after some analysts downgraded the stock's rating following the company's disappointing earnings. The Anshan, Liaoning-based steelmaker said on Monday night that last year's net profit rose 6.2 per cent to 7.53 billion ...

  6. Angang Steel cleared for dual rights issue to raise 20b yuan

    Posted Sep 29th 2007, 12:00am by Staff Reporter

    ... shares have surged in both markets so far this year- 164.04 per cent in Hong Kong and 252.94 per cent in Shenzhen- as the price of steel has risen. All shareholders, including parent Anshan Iron ...

  7. Angang revives dual bid for issue of rights shares

    Posted Apr 12th 2007, 12:00am by Eric Ng

    ... Shenzhen-listed A shares recorded a more spectacular 70 per cent gain year-to-date and 207.6 per cent rise in the past 12 months. All shareholders, including parent Anshan Iron & Steel Group, ...

  8. Angang earnings soar to 7.1b yuan

    Posted Apr 11th 2007, 12:00am by Eric Ng

    ... of the acquisition of 19.69 billion yuan of steel production assets from its parent, Anshan Iron and Steel Group, the mainland's second-largest steelmaker. Second-half net profit grew 347 per cent ...

  9. Angang loses some of its hard edge as No1 steel performer

    Posted Apr 21st 2008, 12:00am by Carol Chan

    ... Carol Chan When its net profit for last year fell short of a mean estimate of 21 analysts polled by Thomson Financial, Angang Steel's long-standing reputation as the best performer among mainland steelmakers listed in Hong Kong was cast in doubt. Is the Anshan, Liaoning-based maker of high-end steel products weathering rising raw-material costs well enough to warrant ...



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