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China Oriental Group Co Ltd (0581.HK)

0581.HK on Hong Kong Stock

5.38HKD
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

China Oriental Group posts qtrly operating profit after net finance costs of about RMB2.3 bln
Monday, 6 Nov 2017 

Nov 6 (Reuters) - China Oriental Group Co Ltd <0581.HK>:Qtrly‍ sales volume of self-manufactured steel products about 2.9 million​ tonnes.‍Qtrly operating profit after net finance costs about rmb2.3 billion​.  Full Article

China Oriental Group updates on production restriction
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - China Oriental Group Co Ltd <0581.HK> ::Refers to ‍air pollution prevention and control action plan issued by ministry of environmental protection of China​.Jinxi Ltd & Jinxi Special Steel​ to restrict blast furnace ironmaking production capacity by 670,800 tonnes from 15 Nov to 31 March 2018.  Full Article

China Oriental Group says Jinxi entered into agreement with Xinxuan Coal
Friday, 30 Sep 2016 

China Oriental Group Co Ltd <0581.HK> : Jinxi Limited entered into Xinxuan framework agreement with Xinxuan Coal for a term of three years .Deal for a term of three years commencing on 30 september 2016 and expiring on 31 december 2018.  Full Article

China Oriental Group HY net profit RMB528.5 million<0581.HK><3958.HK><600958.SS>
Friday, 26 Aug 2016 

China Oriental Group Co Ltd <0581.HK>: Interim results announcement for the six months ended 30 June 2016 <0581.HK> . Says board did not recommend the payment of an interim dividend for the six months ended 30 June 2016 . HY profit attributable to owners of the company RMB528.5 million versus RMB 73.7MLN . In H2 of 2016, expected that there will be no material change in the market and business environment of steel industry in the mainland China . "Expected that the steel price will remain in current level with fluctuations" . "steel industry will still face a challenging environment and the pressure on industry consolidation and reduction of overcapacity will increase" . Intends to set up jvs with oriental sheet piling , a unit of arcelormittal, to capture business opportunities of sheet piling products . In the second half of 2016, the group will continue to focus on the development of high-end steel products .  Full Article

China Oriental signs MOU for possible formation of joint ventures<0581.HK>
Tuesday, 2 Aug 2016 

China Oriental Group Co Ltd <0581.HK>: Memorandum of understanding in respect of possible formation of joint ventures <0581.HK> . Co and Oriental sheet piling, a connected person of the company, entered into a legally binding mou . Mou for parties' understanding with regard to possible formation of 2 jv to engage in production and sales of steel sheet piles products . Says commercial production of steel sheet piles products is expected to start not later than January 2018 .  Full Article

Stock Exchange of Hong Kong updates on China Oriental Group's listing
Wednesday, 27 Jul 2016 

Stock Exchange of Hong Kong : Announcement in relation to the matter of China Oriental Group Company Limited . Exchange requires company to remedy the public float issue by 27 January 2017 . "Exchange considers that co has not taken adequate action to address the public float issue for resumption of trading" .Has decided to commence procedures to cancel co's listing on ground,it has insufficient securities in hands of public for prolonged period.  Full Article

China Oriental Group announces HY forecast<0581.HK>
Friday, 15 Jul 2016 

China Oriental Group Co Ltd <0581.HK>: Positive profit alert <0581.HK> . Expected to record a very significant increase in net profit for HY . Expected result due to substantial increase in average selling price of the steel products .  Full Article

China Oriental purchases US$30 mln of 2017 senior notes
Friday, 15 Apr 2016 

China Oriental Group Co Ltd:Purchase and cancellation of 2017 senior notes.Further purchased a total of US$30 million in principal amount of the 2017 senior notes.  Full Article

China Oriental issues FY 2015 profit warning
Friday, 8 Jan 2016 

China Oriental Group Co Ltd:Says expected to record a substantial loss for the year ended 31 December 2015.China oriental group co - expected result due to there was a significant decline in the group's revenue due to the challenging condition in steel industry.  Full Article

Fitch Upgrades West China Cement to 'BB-', Outlook Stable

(The following statement was released by the rating agency) SHANGHAI/HONG KONG/SINGAPORE, August 22 (Fitch) Fitch Ratings has upgraded West China Cement Limited's (WCC) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BB-' from 'B+'. The Outlook on the IDR is Stable. A full list of rating actions is at the end of this release. The upgrade is driven by significant improvement in WCC's financial profile, as evident in a substantial decrease in net leverage and return to positi