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

1053.HK on Hong Kong Stock

0.92HKD
5 Feb 2016
Change (% chg)

HK$0.01 (+1.10%)
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HK$0.91
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HK$0.87

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Latest Key Developments (Source: Significant Developments)

Chongqing Iron & Steel gives 2015 net profit outlook above I/B/E/S estimate
Friday, 29 Jan 2016 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Sees net profit for 2015 to be -3,900 mln yuan.The net profit of 2014 was 514.31 mln yuan.2015 reported net profit of -4,510.28 million yuan – Thomson Reuters I/B/E/S.Comments that decreased steel price as the main reason for the forecast.  Full Article

Chongqing Iron & Steel announces financial leasing
Tuesday, 26 Jan 2016 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Signed a financial leasing contract with China Huarong Financial leasing Co., Ltd.The company will sell equipments and facilities to the leasing company for 230 million yuan.To lease back the equipments and facilities with a term of three years.  Full Article

Chongqing Iron & Steel appoints officers
Wednesday, 23 Dec 2015 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Appoints Liu Dawei as chairman of the board of the company.Appoints Tu Deling as finance director of the company.  Full Article

Chongqing Iron & Steel announces resignation of finance director
Tuesday, 15 Dec 2015 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Says Zhang Zongming resigned from finance director.  Full Article

Chongqing Iron & Steel receives subsidy
Monday, 16 Nov 2015 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Received subsidy of 99.95 mln yuan from Chongqing City Changshou District Bureau of Finance.  Full Article

Chongqing Iron & Steel receives subsidy
Friday, 6 Nov 2015 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Received subsidy of 51.8 mln yuan from the government for the company's environmental protection moving.  Full Article

Chongqing Iron & Steel announces financial support
Thursday, 22 Oct 2015 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:To receive financial support of up to 22 mln yuan from a Chongqing-based real estate subsidiary.  Full Article

Chongqing Iron & Steel announces private placement
Wednesday, 9 Sep 2015 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:To issue up to 1,285,388,601 A shares of its common stock through private placement, at 3.86 yuan per share, to eight companies.To raise up to 4,961,600,000 yuan in total.The proceeds raised will be used for bank loan repayment and parts projects.Chongqing-based asset operation management company's stake in the company will be increased to 12.68 pct (725,388,601 shares) up from 0 pct.  Full Article

Chongqing Iron & Steel Co Ltd resolved to propose the Non-Public Issuance of A Shares
Wednesday, 9 Sep 2015 10:54am EDT 

Chongqing Iron & Steel Co Ltd:Says on 9 September 2015, the Board resolved to propose the Non-Public Issuance of A Shares to eight specific target investors.Says total number of A Shares to be issued under the Non-Public Issuance will not be more than 1,285,388,601 shares and the aggregate proceeds amount will be not more than 4,961,600,000 Yuan.  Full Article

Chongqing Iron & Steel announces financial support
Thursday, 20 Aug 2015 08:00pm EDT 

Chongqing Iron & Steel Co Ltd:To receive financial support of 300 mln yuan from controlling shareholder, for one year.  Full Article

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