Key Developments: Winsway Coking Coal Holdings Ltd (1733.F)
0.03EUR
16 May 2013
€-0.08 (-75.23%)
€0.04
€0.03
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€0.16
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Latest Key Developments (Source: Significant Developments)
Winsway Coking Coal Holdings Ltd Announces Appointment Of Chief Executive Officer
Winsway Coking Coal Holdings Ltd announced that due to Mr. Xie Wenzhao will take up the appointment of Chief Executive Officer of Wonderful Sky Financial Group Holdings Ltd., Mr. Xie has tendered his resignation as the Chief Financial Officer of the Company with effect from May 1, 2013. Ms. Cao Xinyi has been appointed as the Chief Financial Officer of the Company with effect from May 1, 2013. Full Article
Winsway Coking Coal Holdings Ltd Does Not Recommend Final Dividend
Winsway Coking Coal Holdings Ltd announced that the Board does not recommend the payment of final dividend for the year ended December 31, 2012. Full Article
Winsway Coking Coal Holdings Ltd Comments On FY 2012 Earnings Guidance
Winsway Coking Coal Holdings Ltd announced that for fiscal 2012, it expects to record a consolidated loss as compared to a consolidated profit recorded for fiscal 2011. The Board has considered the market conditions and other factors that impacted the Company's results compared to the fiscal 2011, and believes that the performance is primarily attributable to: a decrease in the price of and a fall in demand for coking coal in the Company’s principal market, the People’s Republic of China, in 2012 as a result of a decline in demand from steel mills and coke plants under sluggish economic conditions; an increase in the Company's finance costs due to the issue of senior notes in April 2011; and an increase in the Company's finance costs and transaction expenses due to the acquisition of Grand Cache Coal Corporation in March 2012. Full Article
Aluminum Corp Of China Ltd Announces Termination Of Share Sale And Purchase Agreement And Proposed Acquisition Of 29.9% Interest In Winsway Coking Coal Holdings Ltd
Aluminum Corp Of China Ltd announced that with reference to the announcement dated April 23, 2012, the shareholders’ circular dated June 8, 2012 and the announcement dated June 29, 2012 of Aluminum Corporation of China Limited, which set out further details of the proposed acquisition of 29.9% interest in Winsway Coking Coal Holdings Limited and details of the Acquisition being considered and passed at the annual general meeting of the Company on June 29, 2012. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings ascribed to such terms in the announcement of the Company dated April 23, 2012. Due to the fact that the Company is unable to complete the process for the obtaining of the necessary approvals from relevant PRC and overseas government and regulatory authorities in respect of the Acquisition by September 30, 2012, the long-stop date for the fulfillment of the conditions precedent under the Share Sale and Purchase Agreement, the parties to the Share Sale and Purchase Agreement have agreed on September 28, 2012 to terminate the agreement and the transaction contemplated thereunder, namely the acquisition of 29.9% interest in Winsway Coking Coal Holdings Limited, with effect from September 28, 2012. Full Article
Winsway Coking Coal Holdings Ltd Does Not Recommend Interim Dividend
Winsway Coking Coal Holdings Ltd announced that the Board does not recommend the payment of an interim dividend for the six months ended June 30, 2012. Full Article
Winsway Coking Coal Holdings Ltd Comments On H1 2012 Earnings Guidance
Winsway Coking Coal Holdings Ltd announced that after a preliminary review on the Company's unaudited consolidated management accounts for the first half of 2012, the Company's unaudited consolidated results are expected to record a loss for the first half as compared to a profit recorded in the first half of 2011. Full Article
Aluminum Corporation of China Limited Announces Proposed Acquisition Of 29.9% Interest In Winsway Coking Coal Holdings Limited
Aluminum Corporation of China Limited announced that on April 23, 2012, the Company entered into the share sale and purchase agreement with Winsway Resources and Mr. Wang, pursuant to which the Company has conditionally agreed to purchase and Winsway Resources has conditionally agreed to sell 1,128,186,410 Winsway shares legally and beneficially held by Winsway Resources, representing 29.9% of the issued share capital of Winsway, at a total cash consideration of HKD2,391,755,189.20, representing HKD2.12 per acquisition share. In addition, Mr. Wang, the ultimate beneficial owner of Winsway Resources, has agreed unconditionally and irrevocably to guarantee all obligations of Winsway Resources under the share sale and purchase agreement. After Completion, the Company will be interested in 29.9% of the issued share capital of Winsway and will become the single largest shareholder of Winsway. Completion shall take place on the fifth business day after the conditions precedent have been fulfilled or waived, or on such other date after the fulfillment or the waiver of the conditions precedent as the parties to the share sale and purchase agreement may agree. Full Article
Winsway Coking Coal Holdings Ltd Recommends Final Dividend
Winsway Coking Coal Holdings Ltd announced that the Board recommends the payment of a final dividend of HKD0.016 per share for the year ended December 31, 2011. The Board will make further announcement in respect of the book closure period and the record date for determining the entitlement to the proposed final dividend shortly after the date of the Company’s forthcoming annual general meeting has been confirmed. Full Article
Grande Cache Coal Corporation Announces Closing Of Plan Of Agreement With Winsway Coking Coal Holdings Limited And Marubeni Corporation
Grande Cache Coal Corporation announced that the completion of a plan of arrangement (the Arrangement) with 1629835 Alberta Ltd. (the Purchaser), a company indirectly jointly owned by Winsway Coking Coal Holdings Limited (Winsway) and Marubeni Corporation. Pursuant to the Arrangement, the Purchaser acquired all of the issued and outstanding common shares of the Corporation at a cash price of CAD10.00 per share, for a total cash consideration of approximately CAD1.0 billion. De-listing of the common shares from the Toronto Stock Exchange is expected to occur shortly. Full Article
Peabody Energy Corp. Acquires 5.1% Equity Interest In Winsway Coking Coal Holdings Ltd
Peabody Energy Corp. announced that it has acquired a 5.1% equity interest in Winsway Coking Coal Holdings Ltd. in a series of purchases of Winsway's shares on the Hong Kong Stock Exchange. Terms of acquisition were not disclosed. Full Article
TEXT-S&P cuts Winsway to 'B' and places on watch neg
(The following statement was released by the rating agency)
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