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  • October 24, 2014
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  1. Grand Field ex-chief accused of fraud plot

    Posted May 27th 2009, 12:00am by Joyce Man

    ... Joyce Man Grand Field Group Holdings' former chairman Wayland Tsang Wai-lun and his wife knew no capital would be injected into a bogus Chongqing gas pipeline venture when the company ... heard. Given that his wife, Nancy Kwok Wai-man, was an executive director at Grand Field and her involvement in warding off the stock exchange's questions, she should also have known ...

  2. Oil man gushes with optimism over industry

    Posted May 17th 2004, 12:00am by Eric Ng

    ... Sinopec Zhenhai chief Sun Weijun says growth in the sector will survive efforts to tighten investment, writes Eric Ng Oil man gushes with optimism over industry SUN WEIJUN preferred ... are mainly aimed at tackling over-heating in the steel, aluminium and cement industries. 'The petrochemical industry, on the other hand, is primarily linked to the consumption segment ...

  3. The saga of the mainland's 'steel princess'

    Posted Oct 17th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Industry insiders have dubbed Diana Chen Ningning the 'steel princess' but she could just as easily be called the 'miner's matchmaker'. At 40 years ... government-owned companies, including Baosteel and Angang Steel, to some of the world's biggest suppliers of iron ore, taking a fee for her services. Today, part of Chen's corporate empire ...

  4. China urges US not to politicise steel project

    Posted Jul 21st 2010, 12:00am by Howard Winn

    ... Howard Winn The Chinese government has stepped up its criticism of efforts by US lawmakers to block Anshan Iron & Steel's (Angang) proposed investment in a steel project ... is inappropriate,' Yao said yesterday. In mid-May, Angang, China's fourth-largest steel group, announced plans to invest in privately owned US company, Steel Development Corp (SDC). It was the second ...

  5. Hebei Steel merges units to create No 2 producer

    Posted Dec 31st 2008, 12:00am by Carol Chan

    ... Carol Chan Three listed firms will be combined to streamline operations Hebei Iron & Steel Group began merging its three listed units yesterday to form the country's second-largest listed steelmaker and improve profitability in the face of a slumping industry. Shenzhen-listed Tangshan Iron & Steel, of which Hebei Steel owns 53.88 per cent, said it would swap ...

  6. Shares in Panzhihua Steel units surge on takeover expectations

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

    ... Carol Chan The shares of Panzhihua Iron & Steel Group's three Shenzhen-listed units jumped their 10 per cent daily limit yesterday on speculation Anshan Iron & Steel Group is planning a takeover after revealing that it has bought at least 1.33 billion yuan (HK$1.51 billion) worth of shares in the companies. Liaoning-based Anshan Steel, the parent of listed Angang Steel ...

  7. Chengde Steel may buy into Australian miner

    Posted May 26th 2008, 12:00am by Carol Chan

    ... Carol Chan in Beijing State-owned Chengde Iron & Steel Group is in talks to buy into Australian iron ore prospector Aurox Resources, joining rivals who are investing in Australian mining companies. 'Chengde Steel is interested in buying a stake in our company,' Aurox managing director Charles Schaus said in an interview last Thursday. News of the talks sent ...

  8. Angang seeks parent's assets in mainland steel trade shake-up

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

    ... Eric Ng Angang New Steel is to buy most of its parent's assets, worth about 18 billion yuan, to become the third-largest listed mainland crude steel maker by volume. The deal, the third restructuring of a leading mainland steel company in the past six months, aims to cut out connected transactions and intra-group competition, as well as streamlining and integrating ...

  9. Mainland steel mills looking beyond Billiton

    Posted Apr 12th 2005, 12:00am by Elaine Chan

    ... to consolidate domestic resources by acquiring assets to expand output capacity. Minmetals' strategy coincides with moves by mainland steelmakers, such as third-biggest Wuhan Iron & Steel ... with imports this year to rise about 13 per cent to 234 million tonnes, according to the China Iron & Steel Association, which has described BHP's request as 'unreasonable' ...

  10. State offers major stake in steel plant

    Posted Nov 18th 2004, 12:00am by Elaine Chan

    ... Elaine Chan LNM Holdings, a unit of the world's biggest steelmaker Mittal Steel, is in talks to take a stake in a state-owned steel plant in Hunan province, according to officials. ... has assets worth 10 billion yuan. It produced five million tonnes of steel last year, with output expected to rise to seven million tonnes this year. Profit for this year was expected to reach ...




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