Key Developments: China Steel Corp (2002.TW)

2002.TW on Taiwan Stock Exchange

25.90TWD
12:30am EST
Change (% chg)

NT$-0.10 (-0.38%)
Prev Close
NT$26.00
Open
NT$26.00
Day's High
NT$26.05
Day's Low
NT$25.80
Volume
15,385
Avg. Vol
16,439,656
52-wk High
NT$26.80
52-wk Low
NT$24.12

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Latest Key Developments (Source: Significant Developments)

China Steel to acquire shares in Taiwan Rolling Stock
Friday, 13 Feb 2015 04:22am EST 

China Steel Corp:To acquire 24,610,000 shares in Taiwan Rolling Stock Co., Ltd. at up to T$10.6 per share or T$260,866,000 in total, from Tang Eng Iron Works.To subscribe no more than 60,800,000 shares in Taiwan Rolling Stock at T$10 per share, or T$608,000,000 in total.To hold 111,378,000 shares (55.68 pct stake) in Taiwan Rolling Stock.  Full Article

China Steel to subscribe shares in Formosa Ha Tinh (Cayman)
Friday, 13 Feb 2015 04:18am EST 

China Steel Corp:To subscribe 939,134,542 shares at $1 per share ($939,134,542 in total) in Formosa Ha Tinh (Cayman) Limited, through a holding company.To hold 1,111,418,177 shares (25 pct stake) in Formosa Ha Tinh (Cayman), from 5 pct stake.To indirectly hold 25 pct stake in Formosa Ha Tinh Steel Corporation through Formosa Ha Tinh (Cayman) Limited.  Full Article

China Steel Corp subsidiary to issue domestic unsecured corporate bonds for 2015
Monday, 8 Dec 2014 04:39am EST 

China Steel Corp:Subsidiary DRAGON STEEL to issue domestic unsecured corporate bonds of up to T$10 billion for 2015.Par value and issue price not decided.Maturity period of up to 10 years for the bonds.Interest not decided.Proceeds to be used for bank loan repayment.Underwriter not decided.  Full Article

Taiwan High Speed Rail Corp receives judgment of lawsuit field by China Steel Corporation
Wednesday, 26 Nov 2014 04:45am EST 

Taiwan High Speed Rail Corp:Received judgment of lawsuit field by China Steel Corporation.China Steel Corporation filed a lawsuit against the company requiring the company to pay T$217,391,221 for special stocks and interest before pay off.Shilin District Court rejected the requirement of China Steel Corporation.China Steel Corporation filed an appeal to Taiwan High Court and Taiwan High Court rejected the appeal on Aug. 19.  Full Article

China Steel subsidiary to merge with subsidiary
Wednesday, 19 Nov 2014 03:23am EST 

China Steel Corp:Says waste treatment subsidiary to merge with its wholly owned storage and transport subsidiary, with record date Nov. 30.The waste treatment subsidiary to be surviving company and the storage and transport company to be dissolved.  Full Article

China Steel Corp subsidiary changes investment amount in FUKUTA Elec. & Mach. CO., LTD
Thursday, 2 Oct 2014 08:07pm EDT 

China Steel Corp:An investment subsidiary to buy 6,489,000 shares of FUKUTA Elec. & Mach. CO., LTD at price of T$53.5 per share with amount of T$347,161,500 from individual shareholders.The investment subsidiary to hold 6,489,000 shares (24.96 pct stake) of FUKUTA Elec. & Mach. CO., LTD with amount of T$347,161,500 after purchase.Latest related announcement on Sep. 23.  Full Article

China Steel Corp subsidiary to invest in FUKUTA Elec. & Mach. CO., LTD
Tuesday, 23 Sep 2014 05:48am EDT 

China Steel Corp:An investment subsidiary to buy 6,579,000 shares of FUKUTA Elec. & Mach. CO., LTD at price of T$53.5 per share with amount of T$351,976,500 from individual shareholders.The investment subsidiary to hold 6,579,000 shares (25.3 pct stake) of FUKUTA Elec. & Mach. CO., LTD with amount of T$351,976,500 after purchase.  Full Article

China Steel Corp announces investment structure change in joint venture Formosa Ha Tinh Steel Corporation
Tuesday, 16 Sep 2014 04:01am EDT 

China Steel Corp:To transfer 5 pct stake in joint venture Formosa Ha Tinh Steel Corporation to Formosa Ha Tinh (Cayman) Limited in order to acquire 172,283,635 shares (5 pct stake) of Formosa Ha Tinh (Cayman) Limited.To hold 172,283,635 shares (5 pct stake) of Formosa Ha Tinh (Cayman) Limited after transfer.  Full Article

Taiwan High Speed Rail Corp receives judgment of appeal filed by China Steel Corporation from Taiwan High Court
Tuesday, 19 Aug 2014 06:22am EDT 

Taiwan High Speed Rail Corp:Received judgment of appeal filed by China Steel Corporation from Taiwan High Court.China Steel Corporation filed lawsuit against Taiwan High Speed Rail to require Taiwan High Speed Rail to pay dividend of special stock and interest before pay off.The requirement was be rejected and China Steel Corporation filed appeal to Taiwan High Court.Taiwan High Court rejected the appeal of China Steel Corporation.  Full Article

China Steel Corp to acquire stock of CSVC
Wednesday, 13 Aug 2014 05:27am EDT 

China Steel Corp:To acquire 5 pct stake in CSVC from Sumitomo Corporation with amount up to $26,151,000.  Full Article

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Cheap is king: Russia, Ukraine add to China steel export flood

SINGAPORE/LONDON - Steelmakers from Asia to Europe are facing increasing pressure from a rise in cheap imports as Russia and Ukraine, armed with weaker currencies, join China in pushing surplus output on to world markets.

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