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  • July 24, 2014
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  1. Petition seeks support for abused bank staff

    Posted Nov 07th 2008, 12:00am by Joyce Man

    ... Joyce Man A group of netizens has organised a petition in support of bank staff on the receiving end of a storm of abuse from angry investors in Lehman-backed derivative products. The move ... for the Betterment and Progress of Hong Kong last month. He said his mother had died a day after he discovered his investments were linked to the collapsed Lehman Brothers bank. Chan Man, a community ...

  2. Agents warned over investments

    Posted Sep 30th 2008, 12:00am by Joyce Man

    ... Joyce Man Agents selling investment products should understand their products and clients, the head of the Securities and Futures Commission said yesterday, as hundreds of Lehman Brothers minibond investors continued to complain about mismarketing. It is 'of paramount importance' that agents understand the products' investment features and risk profiles, and consider ...

  3. Kai Yuan strikes it rich but lands in steel war

    Posted Apr 02nd 2010, 12:00am by Naomi Rovnick

    ... trial, but in a high-stakes battle for control of the mainland steel industry. Kai Yuan, a Hong Kong-listed property developer and investment company, changed its business focus every year from ... the mainland steel billionaire, who recently admitted giving US$9 million to Wang Yong, one of the four Rio executives convicted by the Shanghai court on Monday. In January last year, Kai Yuan said ...

  4. Risk China's resources deals may scale imperial heights

    Posted Sep 24th 2009, 12:00am by Tom Holland

    ... modern blast furnaces Chinese steel firms are building. If China wants to make steel efficiently at competitive costs and with minimal pollution, it has no choice but to buy foreign ores. As a result, imports have soared over the past few years as the proportion of domestic ores used by Chinese steel mills has dropped from almost 80 per cent in the early 1990s to less than 50 per cent ...

  5. Leap of faith

    Posted Jun 29th 2008, 12:00am by Suji Owen

    ... 'so I knew he would be the best man for the job'. 'Basically, [Billson] took the house apart and put it back together again,' says Joseph. The architect used contractor Charles ... 7066). 7 An oversized door in frosted glass and steel swings open to reveal the widened entrance hall, where Betty the family dog greets every visitor. St Talino limestone floor tiles, sourced ...

  6. Anshan Steel puts US plan on hold

    Posted Aug 20th 2010, 12:00am by Eric Ng

    ... Eric Ng Anshan Iron & Steel Group, one of the mainland's top producers of the alloy, has put its plan to invest in a US steel plant on hold in the face of political opposition. But Chen Ming, vice-chairman of its listed unit Angang Steel, says the delay will not affect the group's long-term international expansion strategy. 'We will not give up on international ...

  7. Wuhan Steel gets nod to invest A$271m in Centrex

    Posted Nov 06th 2009, 12:00am by Howard Winn

    ... Howard Winn State-owned Wuhan Iron and Steel Group has been cleared to invest A$271 million (HK$1.9 billion) in Australian iron ore developer Centrex Metals despite ongoing uncertainty surrounding the guidelines for Chinese investments. Australia's Foreign Investment Review Board (FIRB) yesterday gave approval for the mainland's third-largest steel group to take a 60 per ...

  8. Shougang eyes Changzhi Steel upgrade

    Posted Aug 11th 2009, 12:00am by Carol Chan

    ... Carol Chan Shougang Group, one of the mainland's top 10 steelmakers, plans to invest 19 billion yuan (HK$21.55 billion) to expand production capacity at a newly acquired steel mill in Shanxi province. Beijing-based Shougang has agreed to pay 500 million yuan for a 90 per cent stake in Changzhi Iron & Steel (Group) under an agreement it signed with the Changzhi municipal ...

  9. Jilin steel chief sacked after deadly workers' riot

    Posted Aug 08th 2009, 12:00am by Fiona Tam

    ... to death before a takeover, Xinhua reported. Provincial officials announced that An Fengcheng, party boss and chairman of the Tonghua Iron and Steel Group, had been removed from his position ... month, the steel workers staged a huge demonstration and suspended seven production lines after news spread that the Jianlong Group, China's largest private steel company, would buy ...

  10. Steel sector woes to drive consolidation

    Posted Feb 17th 2009, 12:00am by Carol Chan

    ... to play out again in the mainland's fragmented steel industry. Mounting cost pressures, intensifying competition and weakening demand as the world economy continues to struggle are pressuring ... Securities analyst Zhang Shibao. 'Amid the tough operating environment and government policies promoting consolidation of the steel industry, we would expect more [mergers and acquisitions] ...




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