Key Developments: Shandong Iron and Steel Co Ltd (600022.SS)

600022.SS on Shanghai Stock Exchange

1.64CNY
25 Jul 2014
Price Change (% chg)

¥0.02 (+1.23%)
Prev Close
¥1.62
Open
¥1.62
Day's High
¥1.65
Day's Low
¥1.61
Volume
30,199,497
Avg. Vol
10,929,520
52-wk High
¥2.05
52-wk Low
¥1.50

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Latest Key Developments (Source: Significant Developments)

Shandong Iron and Steel announces resignation of finance director
Wednesday, 23 Jul 2014 08:00pm EDT 

Shandong Iron and Steel Co Ltd:Says Chen Hong has resigned from the position of finance director and general manager assistant of the company.  Full Article

Shandong Iron and Steel announces no dividend payment for FY 2013
Thursday, 24 Apr 2014 08:00pm EDT 

Shandong Iron and Steel Co Ltd:To pay no dividend to shareholders for the fiscal year 2013.  Full Article

Shandong Iron and Steel updates lawsuit process
Friday, 14 Mar 2014 08:00pm EDT 

Shandong Iron and Steel Co Ltd:Received judgment of first instance from Jinan Intermediate People's Court, which requested joint liabilities of the company and Jinan branch for unauthorized shipment.Says the company has filed appeal against the judgment.  Full Article

Shandong Iron and Steel to set up branch
Wednesday, 12 Mar 2014 08:00pm EDT 

Shandong Iron and Steel Co Ltd:To set up a branch in Laiwu, which will be in charge of railway transport business of existing Laiwu branch.  Full Article

Shandong Iron and Steel Co Ltd announces FY 2013 net profit outlook above I/B/E/S estimates
Monday, 27 Jan 2014 07:00pm EST 

Shandong Iron and Steel Co Ltd:Sees net profit for the fiscal year (FY) 2013 to be approximately 120 million yuan - 180 million yuan, compared to the net profit of the same period in FY 2012 (-3,836,510,885.35 yuan).Says the reason for positive outlook is due to the improved administration, cost reduction and the profit on equity selling.FY 2013 net income of 72.00 million yuan - Thomson Reuters I/B/E/S.  Full Article

Shandong Iron and Steel Co Ltd announces final judgment of lawsuit
Friday, 17 Jan 2014 07:00pm EST 

Shandong Iron and Steel Co Ltd:Says it has received the final judgment, the No. 243 civil judgment, from Shandong Supreme People's Court.Says the final judgment affirmed the original judgment, which was announced on Aug. 31, 2013.Says the company was also required to burden the lawsuit expenses of 327,050 yuan.  Full Article

Shandong Iron and Steel Co Ltd withdraws appeal against Shanghai North Branch of Industrial Bank
Friday, 17 Jan 2014 07:00pm EST 

Shandong Iron and Steel Co Ltd:Says the company has withdrawn the appeal against Shanghai North Branch of Industrial Bank on Dec. 27, 2013.Says Shanghai North Branch of Industrial Bank has also withdrawn the judgment of lawsuit against the company, which is the No. 967 judgment of Shanghai Jing'an District People's Court, on Dec. 31, 2013.  Full Article

Shandong Iron and Steel Co Ltd receives judgment of lawsuits
Friday, 17 Jan 2014 07:00pm EST 

Shandong Iron and Steel Co Ltd:Says it has received the No. 157, No. 158 and No.159 civil judgments from Jinan Intermediate People's Court.Says the company is required to bear joint and several liabilities for the defendant, as well as share the lawsuit expenses.Says the company disagrees with the judgment and has appealed to Shandong Supreme People's Court.  Full Article

Shandong Iron and Steel Co Ltd sells stake in subsidiaries
Monday, 30 Dec 2013 07:00pm EST 

Shandong Iron and Steel Co Ltd:Says it has sold 80 pct stake and 100 pct stake in two international trading companies respectively, to a Shandong-based international trading company through equity exchange.Says the transaction price are 88 million yuan and 496 million yuan respectively.  Full Article

Shandong Iron and Steel Co Ltd updates on lawsuit
Tuesday, 24 Dec 2013 07:00pm EST 

Shandong Iron and Steel Co Ltd:Says China Minsheng Banking Corp Nanjing Branch (the plaintiff) withdrew the lawsuit it filed against a Changshu-based company (the first defendant), a Changshu-based hotel, two individuals, the Company and the Company's Jinan Branch, with the Jiangsu Superior People's Court on Dec. 19.  Full Article

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