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Shandong Iron and Steel Co Ltd (600022.SS)

600022.SS on Shanghai Stock Exchange

2.44CNY
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Shandong Iron and Steel appoints Wei Kechao as CFO
Friday, 3 Jun 2016 01:42am EDT 

Shandong Iron and Steel Company Ltd. <600022.SS> :Says it appoints Wei Kechao as CFO, to replace Sun Jiandong, who has resigned from the position.  Full Article

Shandong Iron and Steel announces no dividend payment for 2015
Thursday, 28 Apr 2016 08:00pm EDT 

Shandong Iron and Steel Co Ltd:Says no dividend payment for 2015.  Full Article

Shandong Iron and Steel announces financial leasing
Wednesday, 9 Mar 2016 07:00pm EST 

Shandong Iron and Steel Co Ltd:Signs a financial leasing contract with a leasing company.To sell wide and thick plate production equipment to the leasing company to finance 500 million yuan.To lease back the equipment with a term of two years and interest rate of 6.15 pct per annum.  Full Article

Shandong Iron and Steel issues 2015 net profit outlook above I/B/E/S estimates
Thursday, 28 Jan 2016 07:00pm EST 

Shandong Iron and Steel Co Ltd:Sees net profit for 2015 to be 80 million yuan to 120 million yuan, compared to net profit of 2014 (a loss of 1,398,414,314.77 yuan).Comments that structure optimization of production line, cost control, market development and productivity improvement are the main reasons for the forecast.2015 reported net income of 57.55 million yuan – Thomson Reuters I/B/E/S.  Full Article

Shandong Iron and Steel announces financial leasing
Wednesday, 16 Dec 2015 07:00pm EST 

Shandong Iron and Steel Co Ltd:Says signed a financial leasing contract with a Jinan-based leasing company.Says the company will sell its branch office's part of equipments to the leasing company for 500 million yuan.Says the branch office will lease back the equipments and facilities with a term of five years and interest rate of 6.15 percent.  Full Article

Shandong Iron and Steel announces resignation of chairman
Tuesday, 24 Nov 2015 07:00pm EST 

Shandong Iron and Steel Co Ltd:Chen Qixiang has resigned from the position of chairman of the board and director of the company.Cui Jurong has resigned from the position of general manager and director of the company.  Full Article

Shandong Iron and Steel Co Ltd - Sierra Leone workers strike at Shandong's iron ore mine - Reuters
Friday, 18 Sep 2015 08:00pm EDT 

Shandong Iron and Steel Co Ltd:Hundreds of Sierra Leonean workers at Shandong Steel's iron ore mine declared an unlimited strike on Saturday, alleging unfair treatment, a union leader said - Reuters.Local workers at the site in the Tonokolili District in central Sierra Leone have expressed dissatisfaction with severance packages offered as the Chinese firm seeks to cut costs amid low iron ore prices - Reuters.Chinese workers did not appear to be joining the strike - Reuters.  Full Article

Shandong Iron and Steel completes private placement
Thursday, 13 Aug 2015 08:00pm EDT 

Shandong Iron and Steel Co Ltd:Completed the issuance of 1,984,126,984 A shares at 2.52 yuan per share, through private placement to six companies.The company raised 4,999,999,999.68 yuan in total through the private placement.A fund management company's stake in the company was increased to 7.35 pct (618,888,890 shares) up from 0 pct.  Full Article

Shandong Iron and Steel announces freezing of shares
Friday, 22 May 2015 08:00pm EDT 

Shandong Iron and Steel Co Ltd:2,548,435,534 shares or 39.59 pct stake of the company held by controlling shareholder was frozen for period May 21, 2015 to May 20, 2018.  Full Article

Shandong Iron and Steel appoints officers
Friday, 8 May 2015 08:00pm EDT 

Shandong Iron and Steel Co Ltd:Appoints Chen Qixiang as chairman of the board.Appoints Cui Jurong as general manager.Appoints Sun Jiandong as financial director.  Full Article