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  1. Wugang acquisition given green light

    Posted Jan 04th 2005, 12:00am by Eric Ng

    ... of an internal restructuring to streamline the company and reduce intra-group competition and connected transactions. Rivals Shanghai Baosteel Group and Anshan Iron and Steel Group are undergoing similar ... it the nation's second-largest steel producer, behind Shanghai Baosteel Group and ahead of Anshan. Wugang is also in merger talks with Chongqing Iron and Steel and Zhejiang province-based Hangzhou Iron ...

    http://www.scmp.com/article/484158/wugang-acquisition-given-green-light
  2. Cases now being probed by the Ministry of Supervision

    Posted Jul 12th 2004, 12:00am by Staff Reporter

    ... Kongxing and his wife, Wang Ping, have been arrested. Improper lending by the Shanghai branch of the Bank of China. Former vice-chairman Liu Jinbao is being investigated. Ex-director of the Anshan ...

    http://www.scmp.com/article/462820/cases-now-being-probed-ministry-supervision
  3. Angang seeks parent's assets in mainland steel trade shake-up

    Posted Dec 31st 2004, 12:00am by Eric Ng

    ... will be left with some iron ore mines. The listed flagship of Anshan Iron & Steel Group planned to launch a rights issue of eight shares for every 10 existing shares to raise about 18 billion yuan for the acquisition, the company said. The shares will be issued at between 3.35 and 3.50 yuan each to A- and H-share holders, as well as Angang's parent Anshan Iron & Steel. Trading in Angang's ...

    http://www.scmp.com/article/483772/angang-seeks-parents-assets-mainland-steel-trade-shake
  4. News - China

    Guangdong's Zhanjiang targets doubling of GDP by 2017

    Posted Jan 30th 2013, 12:00am by Mimi Lau

    ... city on the mainland, similar to Anshan in Liaoning, Panzhihua in Sichuan and Tongling in Anhui province. "It's very scary to see so many massive infrastructure projects being rushed ...

    http://www.scmp.com/news/china/article/1138868/guangdongs-zhanjiang-targets-doubling-gdp-2017
  5. Business - Companies

    China’s Ansteel to take control of Australia iron ore mine

    Posted Jun 11th 2013, 12:57pm by Reuters

    ... Reuters in Sydney China’s state-owned Anshan Iron and Steel Group Corp has agreed to take a majority stake in the Karara iron ore project in Western Australia, shoring up joint-venture partner Gindalbie Metals after setbacks at the project. The deal will eliminate the need for Gindalbie to pursue an impending equity raising and allows it hold on to A$35 million (HK$256.4 ...

    http://www.scmp.com/business/companies/article/1258382/chinas-ansteel-take-control-australia-iron-ore-mine
  6. 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 ...

    http://www.scmp.com/article/980355/angangs-accounting-raises-eyebrows
  7. Shougang to renew bid for stake in miner

    Posted Nov 04th 2008, 12:00am by Carol Chan

    ... in Australian miners to secure resources. Anshan Iron & Steel Group, the mainland's second-largest steelmaker, plans to boost its stake in Australian partner Gindalbie Metals by buying A$162 million worth of new shares instead of providing debt financing. Gindalbie did not say how much of a stake Ansteel would end up with if the deal went ahead. Anshan Steel currently holds 12.6 per ...

    http://www.scmp.com/article/658857/shougang-renew-bid-stake-miner
  8. Baosteel may buy Panzhihua Steel in Sasac-sanctioned bid

    Posted Jul 28th 2008, 12:00am by Carol Chan

    ... to buy out Panzhihua Steel will be a shock to Liaoning-based Anshan Iron & Steel and Hubei-based Wuhan & Iron Steel, both of which are also under the control of Sasac, as they have long been interested in a merger with Panzhihua Steel. Anshan Steel promised in May to provide funds to support Panzhihua Steel's listing plan, which included injecting its production ...

    http://www.scmp.com/article/646862/baosteel-may-buy-panzhihua-steel-sasac-sanctioned-bid
  9. 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 ...

    http://www.scmp.com/article/638253/pzh-steel-get-719b-yuan-asset-injection
  10. China Eastern may fly high on yuan surge, Angang and Magang face mixed fortunes

    Posted Apr 14th 2008, 12:00am by Staff Reporter

    ... China Eastern Airlines: Today China Eastern Airlines Corp (670), whose shareholders voted down a management-favoured stake acquisition by Singapore Airlines and Temasek Holdings in January, may have turned a profit last year of 603 million yuan (HK$671.7 ...

    http://www.scmp.com/article/633623/china-eastern-may-fly-high-yuan-surge-angang-and-magang-face-mixed-fortunes

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