Sinosteel wins 97pc stake in Midwest

Sinosteel Corp is set to delist Perth-based iron ore miner Midwest Corp from the Australian bourse after winning a 97 per cent stake in the company to successfully close its A$1.36 billion (HK$8.59 billion) buyout bid.

Tuesday, 16 September, 2008, 12:00am

Harbinger foils Sinosteel bid to take full control of Midwest

Iron ore trader Sinosteel Corp is unlikely to take full control of Midwest Corp, as United States hedge fund Harbinger Capital has boosted its stake in the Australian iron ore miner to 15.09 per cent from 9.11 per cent.

17 Jul 2008 - 12:00am

Sinosteel sweetened takeover offer wins Midwest's backing

Sinosteel Corp, the second-largest iron ore trader in China, has won support from Midwest Corp's management for its hostile takeover after raising the bid by 14 per cent to US$1.3 billion.

30 Apr 2008 - 12:00am

Sinosteel makes A$954m hostile offer for Midwest

Takeover bid faces hurdles as Australian miner's stock surges

Sinosteel Corp, the mainland's second-largest iron ore trader, has made a hostile A$954 million (HK$7 billion) all-cash offer for Australia's Midwest Corp, reflecting China's increasing hunger for the steel-making raw material.

15 Mar 2008 - 12:00am

Australian miner Midwest rejects Sinosteel takeover offer

Australian iron ore miner Midwest Corp has rejected Sinosteel Corp's US$1.2 billion acquisition bid, saying the offer was too low amid soaring prices for the raw material.

21 Feb 2008 - 12:00am

Sinosteel taps Midwest's minority investors in pursuit of 20pc stake

Sinosteel Corp, which announced last month plans to acquire Australia's Midwest for US$1.2 billion, started snapping up shares in the coal mining firm yesterday from minority investors, aiming at a stake of about 20 per cent to gain more bargaining power, according to market sources.

25 Jan 2008 - 12:00am

Take it back

If autumn's fashions don't quite satisfy, go vintage instead and create a unique and timeless personal style.

Full-length dress (HK$8,960) from Beatniks, 13 Tsing Fung Street, North Point. Earrings (HK$30) and belt (HK$80) from Midwest, shop 63, G/F, Victoria Centre, 15 Watson Road, North Point.

26 Aug 2007 - 12:00am