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    600126   CNE000000V97

HANG ZHOU IRON & STEEL CO.,LTD.

(600126)
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End-of-day quote Shanghai Stock Exchange  -  05-18
4.770 CNY    0.00%
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03/23Hang Zhou Iron & Steel Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
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2021Zhejiang Feida Environmental Science & Technology Co., Ltd. completed the acquisition of 35% in Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd. from Hang Zhou Iron & Steel Co.,Ltd.
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Zhejiang Feida Environmental Science & Technology Co., Ltd. signed a share transfer agreement to acquire 35% in Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd. from Hang Zhou Iron & Steel Co.,Ltd. for approximately CNY 550 million.

12/12/2020 EDT

Zhejiang Feida Environmental Science & Technology Co., Ltd. signed a share transfer agreement to acquire 35% in Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd. from Hang Zhou Iron & Steel Co.,Ltd. for approximately CNY 550 million on December 11, 2020. In a related transaction, HANGZHOU IRON & STEEL GROUP CO., LTD. signed a share transfer agreement to acquire 63% in Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd. from Hang Zhou Iron & Steel Co.,Ltd. (SHSE:600126) for approximately CNY 980 million on December 11, 2020. Under the terms, Zhejiang Feida Environmental Science & Technology shall pay the consideration in cash within 120 days from the effective date of agreement. The balance sheet items of Zhejiang Fuchun Ziguang Environmental Protection as of June 30, 2020, are total assets of CNY 3.83 billion and net assets of CNY 1.34 billion. The financials of Zhejiang Fuchun Ziguang Environmental Protection as of December 31, 2019, are total assets of CNY 3.46 billion, net assets of CNY 1.3 billion, operating revenues of CNY 484.22 million and profit of CNY 80.37 million. The transaction has been resolved at sixth meeting of the eighth directorate of Hang Zhou Iron & Steel Co.,Ltd. and is subjected to its shareholders approval. The transaction has been approved at 40th meeting of the seventh board of directors of Zhejiang Feida Environmental Science & Technology Co., Ltd. As on December 28, 2020, Hang Zhou Iron & Steel Co.,Ltd.'s shareholders approved the transaction. The transaction is approved by the shareholders of Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd on December 29, 2020.


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All news about HANG ZHOU IRON & STEEL CO.,LTD.
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Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 16 109 M 2 400 M 2 400 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 3 584
Free-Float 31,0%
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Managers and Directors
Chen Hui Mou General Manager & Director
Cai Ping Lu Chief Financial Officer
Dong Ming Wu Chairman
Li Jian Zhu Chairman-Supervisory Board
Ying Wang Independent Director
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