Key Developments: Chongqing Iron & Steel Co Ltd (1053.HK)

1053.HK on Hong Kong Stock

1.73HKD
31 Jul 2014
Price Change (% chg)

HK$-0.03 (-1.70%)
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HK$1.76
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HK$1.77
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Latest Key Developments (Source: Significant Developments)

Chongqing Iron & Steel to sell stake in Jingjiang-based logistics company
Monday, 21 Jul 2014 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:To sell 10 pct stake in Jingjiang-based logistics company, to a controlling shareholder, Chongqing Iron & Steel (Group) Co., Ltd.Transaction price of 105,070,230 yuan.  Full Article

Chongqing Iron & Steel Co Ltd announces strategic cooperation agreement with POSCO
Monday, 7 Jul 2014 09:18am EDT 

Chongqing Iron & Steel Co Ltd:Says on July 4, 2014, signed the strategic cooperation agreement with POSCO at the China-ROK economic and trade cooperation forum held in seoul, South Korea.Two parties expressed that they will strengthen the collaboration over three projects namely Chongqing FINEX Integrated demonstration steel mill, Chongqing coll-rolled and galvanized automotive steel plates and comprehensive utilisation on vanadium and titanium.Investment expected to be more than 20 bln yuan.  Full Article

Chongqing Iron & Steel announces change in accounting policy
Wednesday, 25 Jun 2014 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:Says it has changed depreciation period of its fixed assets estimated expected operating life for properties to 30-50 years from 40 years, as well as for machinery equipment to 8-22 years from 8-20 years.Says it has also changed estimated residuals rate for machinery equipment, from 3 pct to 3 pct to 5 pct.Effective date of April 1.  Full Article

Chongqing Iron & Steel receives financial rewards
Wednesday, 25 Jun 2014 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:Received a financial reward of 152,378,600 yuan from the government on June 24.The fund was issued to support the company's environmental movement cost.  Full Article

Chongqing Iron & Steel Co Ltd announces disposal of assets
Monday, 26 May 2014 08:18am EDT 

Chongqing Iron & Steel Co Ltd:Says Mining Company and Chongqing Iron & Steel Co Ltd enteres into the assets transfer agreement.Pursuant to which the company has agreed to transfer the assets to Mining Company at a consideration of 146,783,200 yua.  Full Article

Chongqing Iron & Steel Co Ltd announces change of chief financial officer
Friday, 4 Apr 2014 09:55am EDT 

Chongqing Iron & Steel Co Ltd:Says due to work arrangement, Gong Jun resigned as the chief financial officer of the Company with effect from April 04.Zhang Zongming has been appointed as the chief financial officer of the company with effect from April 04.  Full Article

Chongqing Iron & Steel receives subsidies
Thursday, 27 Mar 2014 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:Received subsidies of 354,604,700 yuan in total on March 26.Subsidy issued to the company to support the company's relocation.  Full Article

Chongqing Iron & Steel announces no dividend payment for FY 2013
Thursday, 27 Mar 2014 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:Says the company will pay no dividend to shareholders for the fiscal year 2013.  Full Article

Chongqing Iron & Steel announces merger of plants
Wednesday, 19 Mar 2014 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:Says section steel mill will merge with rod and wire steel mill, to form a shaped wire mill.  Full Article

Chongqing Iron & Steel Co Ltd appoints general manager
Monday, 17 Feb 2014 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Appoints Li Rensheng general manager of the company, effective Feb. 18.  Full Article

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