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    600569   CNE0000018Y4

ANYANG IRON AND STEEL CO., LTD.

(600569)
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End-of-day quote Shanghai Stock Exchange  -  2022-08-11
2.420 CNY   +2.54%
06/02Anyang Iron Scraps Sale of 80% Stake to Fangda Group
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06/01China Anyang Iron & Steel Group halts plan to sell stake via public listing
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04/25Anyang Iron and Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
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China Anyang Iron & Steel Group halts plan to sell stake via public listing

06/01/2022 | 10:54pm EDT

BEIJING (Reuters) - Chinese steel producer Anyang Iron & Steel Group has scrapped a plan to sell an 80% stake through a public listing, its listed arm said in a statement late on Wednesday.

Liaoning Fangda Group in March offered to acquire a stake in the central-China based steelmaker for at least 11 billion yuan ($1.64 billion) and had submitted an application for the purchase and a deposit to the Henan Zhongyuan Property Rights Exchange.

However, the two parties failed to reach agreement on terms of the mixed-ownership reform in the stipulated time, Anyang Group's listed arm, Anyang Iron and Steel Co Ltd, said in a filing to the Shanghai Stock Exchange.

The company's owner, the state-assets regulator in Henan province, had approved the scrapping of the public transfer, according to the filing, adding that the authority would decide whether the company would continue with the restructuring plan.

($1 = 6.6973 Chinese yuan)

(Reporting by Min Zhang and Dominique Patton; Editing by Robert Birsel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ANYANG IRON AND STEEL CO., LTD. 2.54% 2.42 End-of-day quote.-19.06%
SHANGHAI A INDEX -0.15% 3433.36 Real-time Quote.-9.99%
SHANGHAI STOCK EXCHANGE B SHARES INDEX 0.19% 307.8949 Real-time Quote.7.71%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.11% 6.7307 Delayed Quote.6.00%
All news about ANYANG IRON AND STEEL CO., LTD.
06/02Anyang Iron Scraps Sale of 80% Stake to Fangda Group
MT
06/01China Anyang Iron & Steel Group halts plan to sell stake via public listing
RE
04/25Anyang Iron and Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended Ma..
CI
04/25Anyang Iron and Steel Co., Ltd. Reports Earnings Results for the Full Year Ended Decemb..
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03/30Fangda Group Unit Offers to Buy 80% of Anyang Iron and Steel For $1.7 Billion
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03/29China Fangda Group aims to take over state-owned Anyang Iron & Steel Group
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2021Anyang Iron and Steel Co., Ltd. intends to acquire 25% stake in Anyang Yuhe Yongtong Pe..
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2021Anyang Iron and Steel Co., Ltd. Reports Earnings Results for the Nine Months Ended Sept..
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2021Anyang Iron and Steel Co., Ltd. Reports Earnings Results for the Half Year Ended June 3..
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Financials
Sales 2021 52 027 M - -
Net income 2021 1 028 M - -
Net Debt 2021 704 M - -
P/E ratio 2021 8,35x
Yield 2021 3,68%
Capitalization 6 951 M 1 031 M -
EV / Sales 2020 0,27x
EV / Sales 2021 0,18x
Nbr of Employees 14 763
Free-Float 31,8%
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Managers and Directors
Yin Jun Yu General Manager
Zhi Yong Wang Chief Financial & Accounting Officer
Li Jian Li Chairman
Fu Yong Li Chairman-Supervisory Board
Chun Tao Li Independent Director