Key Developments: Maanshan Iron & Steel Co Ltd (600808.SS)

600808.SS on Shanghai Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Maanshan Iron & Steel to acquire stake in joint venture from Jinxi Axle
Thursday, 28 May 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To acquire 50 pct stake in a 50 pct owned joint venture from Jinxi Axle.The joint venture based in Maanshan and has engaged in development, production and sale of axle business.The company to wholly owned the joint venture after transaction.Transaction price of 174,211,000 yuan.  Full Article

Maanshan Iron & Steel announces shareholding change
Friday, 22 May 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:Magang (Group) Holding Co., Ltd decreased stake in the company to 45.535 pct from 50.47 pct during May 14 to May 22.  Full Article

Maanshan Iron & Steel announces no dividend payment for 2014
Wednesday, 25 Mar 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To pay no dividend to shareholders for 2014.  Full Article

Maanshan Iron & Steel to acquire 50 pct stake in Maanshan-based company
Wednesday, 25 Mar 2015 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:The company received approval to acquire 50 pct stake in a Maanshan-based railway transportation equipment company, from Jinxi-based axle company.Other terms not disclosed.  Full Article

Maanshan Iron & Steel Co Ltd to apply for issuance of mid-term bills and short-term financing notes
Tuesday, 16 Dec 2014 07:00pm EST 

Maanshan Iron & Steel Co Ltd:To apply for issuance of mid-term bills worth up to 4 bln yuan, with a term of no more than five years.To apply for issuance of short-term financing notes worth up to 10 bln yuan, with a term of no more than one year.  Full Article

Maanshan Iron & Steel issues 2014 first tranche short-term financing notes
Tuesday, 26 Aug 2014 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:Issued first tranche of short-term financing notes for 2014 worth 5,000 mln yuan, on Aug. 22, with a term of 365 days and coupon rate of 5.56 pct.Issue price at 100 yuan per face value of 100 yuan and maturity date Aug. 26, 2015.CITIC Securities Co., Ltd. served as main underwriter.  Full Article

Maanshan Iron & Steel Co Ltd acquisition of Valdunes’ assets
Monday, 9 Jun 2014 08:00am EDT 

Maanshan Iron & Steel Co Ltd:Says it is successful in bid for the entire assets of Valdunes at a consideration of 13 mln euro under the judgment of the Commercial Court of Valenciennes in France and received the judgment thereof from the Court on June 6, 2014.  Full Article

Maanshan Iron & Steel to acquire VALDUNES
Friday, 23 May 2014 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:To acquire all assets of France-based company SAS VALDUNES at 13 mln euros, according to verdict of France local government.  Full Article

Maanshan Iron & Steel Co Ltd changes depreciation period of fixed assets
Thursday, 8 May 2014 08:00pm EDT 

Maanshan Iron & Steel Co Ltd:Changed depreciation period of buildings to 30 years from 20 years.Changed depreciation period of facilities to 15 years from 13 years.Effective from July 1.  Full Article

Maanshan Iron & Steel Co Ltd does not recommend dividends
Wednesday, 26 Mar 2014 07:27pm EDT 

Maanshan Iron & Steel Co Ltd:Does not recommend the payment of any dividends for FY 2013.  Full Article

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