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Results 1 - 9 of 9 for anshan

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  1. Anshan Iron & Steel to invest A$39m in Western Australian project

    Posted Jun 05th 2007, 12:00am by Carol Chan

    ... Carol Chan Anshan Iron & Steel Group, the mainland's second-largest steelmaker, has agreed to buy A$39 million (HK$253.5 million) worth of shares in an Australian joint venture as part of its strategy to tap overseas resources. AnSteel agreed to buy a 12.94 per cent stake, or 65 million shares at 60 Australian cents each, in iron ore miner Gindalbie Metals, Perth-based ...

  2. Bengang, parent in share deal

    Posted Apr 06th 2006, 12:00am by Eric Ng

    ... billion yuan worth of assets from its parent firm as the group gets into shape to negotiate a better merger deal with bigger rival Anshan Iron & Steel Group Corp. Bengang, which has both ... a similar move by Anshan's A and H-share subsidiary Angang New Steel in issuing 12.74 billion yuan worth of A shares to its parent firm to help pay for 19.69 billion yuan of assets. ...

  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. PZH Steel to get 7.19b yuan asset injection

    Posted May 20th 2008, 12:00am by Carol Chan

    ... partner, Anshan Iron & Steel Group, at 9.59 yuan each for PZH Steel, 14.14 yuan each for Chongqing Titanium and 6.50 yuan each for Sichuan Changcheng, the statement said. The deal, which ... Group, Anshan Iron & Steel and Wuhan Iron & Steel Group have completed asset injections into their respective listed arms to pave the way for expansion. Gathering steam Consolidation ...

  5. Angang denies plans to invest in Liaoning deposit

    Posted Jun 27th 2009, 12:00am by Carol Chan

    ... Carol Chan Angang Steel said yesterday the company and its state-owned parent had no plans to invest in the Benxi iron ore mine to exploit a newly discovered deposit that local officials touted as the biggest in Asia. The clarification came after mainland media reported that Angang's parent company, Anshan Iron and Steel Group, and rival Benxi Iron and Steel Group, both ...

  6. 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 ...

  7. 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 ...

  8. Industrial northeast next to be developed

    Posted Aug 05th 2003, 12:00am by Nailene Chou

    ... there. He said Liaoning, with central government support, had already made progress in making its industries more attractive to investors. At the Anshan Steel Mill, for example, 90 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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