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Chongqing Iron & Steel Co Ltd (1053.HK)

1053.HK on Hong Kong Stock

1.56HKD
20 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Chongqing Iron & Steel updates on dispute over contracting agreement
Tuesday, 12 Sep 2017 10:49am EDT 

Sept 12 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>:Announces update on dispute over contracting agreement.Court ordered defendants to pay RMB18.7 million and interests to the plaintiff Wuhan Iron and Steel.  Full Article

Chongqing Iron & Steel reaches settlement on debt of coal purchase & sales
Friday, 8 Sep 2017 04:58am EDT 

Sept 8 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS> ::* Says it reached settlement with a Chongqing-based assets management firm, regarding disputes on debt of coal purchase & sales .* Co confirmed the arrears amount as 32.6 million yuan and agreed to bear half lawsuit fees.  Full Article

Chongqing Iron & Steel Co updates on dispute over contracting agreement
Wednesday, 6 Sep 2017 04:57am EDT 

Sept 6 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>: :Updates on dispute over contracting agreement.Plaintiff's claim includes defendant's immediate payment of consideration for magnesite bricks totaling RMB53.8 million.Plaintiff's claim also includes defendant's payment of interest accrued during default period & bearing of case's cost.No effect on profits of company due to withdrawal of litigation.  Full Article

Chongqing Iron & Steel's H1 net loss narrows to 998.5 mln yuan
Wednesday, 30 Aug 2017 05:30am EDT 

Aug 30 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>1053.HK:Says H1 net loss narrows to 998.5 million yuan ($151.51 million).  Full Article

Chongqing Iron & Steel receives "notice of appearance" from people's court of Huangshigang District
Wednesday, 9 Aug 2017 07:34am EDT 

Aug 9 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>:Company recently received "notice of appearance" served by people's court of Huangshigang District.Case in relation to dispute over sale & purchase contract between Chongqing Qiaotai Shipping & Transportation, Huangshi Tonghai Trade & Co.Became aware that case had been accepted by court.Plaintiff's claim for ruling that co and Huangshi Tonghai be jointly liable for paying arrears of RMB11.6 million and accrued interest.  Full Article

Chongqing Iron & Steel says co is granted a subsidy of RMB47.05 million
Thursday, 27 Jul 2017 10:22am EDT 

July 27 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>:Recently received a notice from finance bureau of Changshou District, Chongqing City.As approved at executive meeting of government of Changshou district, company is granted a subsidy of RMB47.05 million.  Full Article

Chongqing Iron & Steel updates on suspension of trading of A shares
Wednesday, 26 Jul 2017 10:17am EDT 

July 26 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>:Trading of A shares of co will be suspended from next trading day upon expiry of twenty trading days from 4 july 2017, i.e. 1 august 2017.There are risks of suspension of listing and delisting of a shares of company..Stock exchange will make decision on whether to suspend listing of a shares of co within 15 trading days after suspension.  Full Article

Chongqing Iron & Steel updates on progress of reorganisation of Co
Monday, 24 Jul 2017 09:21am EDT 

July 24 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>:Announcement of administrator in relation to progress of reorganisation of Chongqing Iron & Steel Co.Administrator has initiated reporting, registration & investigation of creditor's rights."Deadline for reporting creditor's rights is 11 August 2017".Upon review, administrator preliminarily confirmed 233 claims of creditor's rights with a total amount of RMB4.12 billion.  Full Article

Chongqing Iron & Steel updates on litigation involving co and Taiyuan Heavy Industry
Wednesday, 19 Jul 2017 08:07am EDT 

July 19 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>::Received "civil judgment served by people's court of Changshou District, Chongqing on 17 July 2017.As case is still in stage of first instance judgment, effects on profit of company cannot be assessed at this moment.Court ordered that litigation claim against company filed by Taiyuan Heavy Industry be rejected.Court ordered that Zoomlion Material do make payment for goods of RMB12.1 million & capital occupancy losses to Taiyuan Heavy Industry.Refers to litigation involving co as a defendant and Taiyuan Heavy Indusrty as plaintiff.  Full Article

Chongqing Iron & Steel says FIPCC accepts reorganisation application
Monday, 17 Jul 2017 06:54pm EDT 

July 18 (Reuters) - Chongqing Iron & Steel Co Ltd <601005.SS>::First intermediate people's court of Chongqing issued civil ruling paper to company on 3 July 2017.It is ruled that FIPCC accepts application of Chongqing Laiquyuan Trading Co., Ltd. for reorganisation of Chongqing Iron & Steel.After co commences bankruptcy reorganisation procedure, administrator has initiated reporting, registration & investigation of creditor's rights.Upon review, administrator preliminarily confirmed 103 claims of creditor's rights with a total amount of RMB1.16 billion.  Full Article

BRIEF-Chongqing Iron & Steel updates on progress of reorganisation of Co

* Announcement of administrator in relation to progress of reorganisation of Chongqing Iron & Steel Co