• Mon
  • Dec 29, 2014
  • Updated: 9:53am

Shougang

Fushan buffeted by shady-dealing claims

Shares of mainland coking coal producer Shougang Fushan Resources gyrated yesterday after the company denied allegations by US-based short seller Glaucus Research, that it had overpaid a related company for a mine and inflated its profit margins.

Saturday, 14 April, 2012, 12:00am

Companies reporting this week

Today

Final: China Communications Construction, China Flavors & Fragrances, China Forestry Holdings, China Southern Airlines, Evergrande Real Estate Group, Geely Automobile Holdings, Glorious Property Holdings, Jutal Offshore Oil Services, Longfor Properties, Mainland Headwear Holdings, Shell Electric Mfg (Holdings)

Tomorrow

12 Apr 2010 - 12:00am

Hung out to dry

Judgment has been reached in the Rio Tinto case, with all four defendants predictably found guilty on charges of bribery and theft of commercial secrets. However, the impact on business in China is likely to be considerable - and not for the most often-cited reasons.

7 Apr 2010 - 12:00am

Companies reporting this week

Monday

Interim: Allied, Allied Prop (HK), Baoye, Chinese Estates, Little Sheep, Media China, Real Gold Mining, Shougang Concord Century, Shougang Concord Grand, Zhong An Real Estate AGM: Computime, Lee & Man Paper Manufacturing

Tuesday

7 Sep 2009 - 12:00am

Shougang Concord lifts stake in coal producer

Steelmaker Shougang Concord International Enterprises said it would pay HK$1.93 billion to increase its stake in coking coal firm Fushan International Energy Group by 9.8 per cent to 21.79 per cent.

10 Jul 2009 - 12:00am

Steel industry to shut 20pc of active capacity

The mainland steel industry is expected to cut active output capacity 20 per cent next year amid industry-wide losses triggered by high costs and falling selling prices, according to the head of one of the country's biggest producers.

11 Nov 2008 - 12:00am

Steelmakers looking to poor earnings season

Maanshan Iron & Steel will probably announce today a smaller third-quarter profit from the previous quarter, kicking off a disappointing earnings season for mainland steelmakers hit by weakening demand, analysts said.

14 Oct 2008 - 12:00am

Results

Today Interim: Vinda International Holdings

13 Sep 2008 - 12:00am

How they hid the cauldron in the roof

The maker of the cauldron in which the Olympic flame burns throughout the Games has lifted the lid on some of the secrets of its positioning.

Organisers of the opening ceremony hid the huge cauldron behind the roof during the cultural performance to make sure nothing would obstruct views of the stadium from above or below.

13 Aug 2008 - 12:00am

Western bid approved, Shougang's rejected

The Australian government has approved Western Mining's investment in FerrAus but rejected Shougang Corp's bid to buy into Prosperity Resources, again showing its resolve to review foreign investments on a case-by-case basis.

8 Jul 2008 - 12:00am

Shougang Concord, Everbright in venture

Hong Kong-listed Shougang Concord Grand (Group), an investment unit of mainland steelmaker Shougang Group, signed an agreement with China Everbright Investment Management to tap into the domestic financial industry.

13 Jun 2008 - 12:00am

Hyundai Heavy plans to invest in 750m yuan Shougang steel plant

Executives of Shougang Concord International Enterprises say Hyundai Heavy Industries, the world's biggest shipbuilder, is in talks to invest in the mainland company's 750 million yuan (HK$844.51 million) downstream steel processing plant.

7 Jun 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

Shougang eyes deals after Australian setback

Shougang Concord International Enterprises, emerging from its failure to buy a stake in Australian iron ore miner Mount Gibson Iron, still aims to acquire mines and related companies at home and abroad, according to company executives.

18 Apr 2008 - 12:00am

Results

Today Final: APAC Resources, China Agri-Industries Holdings, China Starch Holdings, Chu Kong Shipping Development, Dongfeng Motor Group, Dongyue Group, Dynasty Fine Wines Group, Embry Holdings, Ever Fortune International Holdings, FinTronics Holdings, Geely Automobile Holdings, Guangnan (Holdings), Guangzhou Investment, Hongkong Chinese, Hopefluent Group Holdings, Hopson Development Holdings, J

16 Apr 2008 - 12:00am

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