BNP Paribas Asset Management, a subsidiary of BNP Paribas, recently cut its H-share holding in Chongqing Iron & Steel Co Ltd<601005><1053> to 4.84% from the previous 5.25%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from the HKEx showed that BNP...
Panzhihua Iron & Steel (Group) Co, one of the largest steelmakers in western China, yesterday announced that it will issue 365-day financing bills on the interbank market on Nov. 2, sources reported.The company hopes to raise up to RMB 1 billion through the issuance.The financing bills will be issued at face value and...
Sep.7 MetalBiz--Till the end of last month, the monthly-production of pig iron, steel billet and HRC plate from Meigang all reached 302,300 tons, 304,300 tons and 313,800 tons respectively...
Shandong Iron & Steel Group on Sunday signed an agreement with Rizhao Iron and Steel on taking a controlling stake in the latter, sources reported.According to the agreement, Shandong Iron & Steel will pay cash to buy 67% equity interest in Rizhao Iron and Steel. The remaining equity interest will be held by...
August 28 MetalBiz--Anyang Iron & Steel announced the 2009 first-half report on the evening of August 27. The report showed that the company made a loss of 381mln yuan...
Panzhihua Iron & Steel (Group) Co, the leading steel manufacturer in China, announced that it will issue three-year notes worth RMB 1 billion on Sep. 3. This batch of notes will be issued on the interbank market at face value, and the yield will be determined during the process of book building, according to the...
Kunming Iron & Steel (Group) Co Ltd will issue one-year financing bills on the interbank market on Aug. 31, sources reported.The company hopes to raise up to RMB 1.5 billion through the issuance.The bills will become tradable on Sept. 2, and both the value date and the payment due date will be Sept. 1, according...
U.S.-based financial holding company JPMorgan Chase & Co cut its shareholding in Maanshan Iron & Steel Co Ltd<600808><0323> to 12.81% from the previous 13.19%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from the HKEx showed that JPMorgan on Aug. 14...
Shougang Group, China's leading steelmaker, has signed an agreement to acquire a 90% stake in Changzhi Iron & Steel for RMB 500 million, sources reported. The remaining 10% will be held by the State-owned Assets Supervision and Administration Commission of the Changzhi municipal government....
China Shougang Group will buy Changzhi Iron & Steel (Group) Co., Ltd for 5 million yuan after five months of negotiations, signaling a significant move in China's steel industry's cross-region reorganization policy. The deal means Shougang Group will receive 90 percent of Changzhi's shares, and t...