Dongbei Special Steel

Dongbei Special Steel
state-owned enterprise
Predecessor
  • Liaoning Special Steel Group
  • Beiman Special Steel Group
Founded 2004
Founder Liaoning and Heilongjiang Governments
Headquarters Dalian, Liaoning, China
Revenue Increase CN¥20.791 billion (2014)
Increase CN¥154.787 million (2014)
Profit Increase CN¥97.323 billion (2014)
Total assets Decrease CN¥51.818 billion (2014)
Total equity Increase CN¥6.453 billion (2014)
Owner
Parent State-owned Assets Supervision & Administration Commission of Liaoning Government
Subsidiaries
Website dtsteel.com
Footnotes / references
in a consolidated basis[1]
Dongbei Special Steel Group Co., Ltd.
Simplified Chinese 东北特殊钢集团有限责任公司
Traditional Chinese 東北特殊鋼集團有限責任公司

Dongbei Special Steel Group Co., Ltd. is a state-owned enterprise based in Dalian, Liaoning Province (the south most city of Northeastern China or Dongbei). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Liaoning (46.1230%) and Heilongjiang (14.5191%), as well as a subsidiary of Liaoning SASAC (22.6839%) and China Orient Asset Management (16.6740%).[1]

The company was formed by the merger of Dalian Special Steel (aka Liaoning Special Steel Group) and Beiman Special Steel Group (literally North Manchuria Special Steel) in 2004. Dongbei Special Steel became the holding company of the two steel maker, plus Fushun Special Steel, a subsidiary of Liaoning Special Steel Group.[1]

In 2016 the enterprise defaulted[2] several times.

Chairman Yang Hua committed suicide in March 2016, dates before the first default .

Subsidiaries

This list is incomplete; you can help by expanding it.

Equity investment

Dongbei Special Steel owned 38.58% stake in Fushun Special Steel (Chinese: 抚顺特殊钢股份有限公司), based in Fushun, Liaoning, as the largest shareholder. The shares of the company float in Shanghai Stock Exchange.[3]

References

  1. 1 2 3 4 5 6 "2014 Annual Report". Dongbei Special Steel Group Co., Ltd. (in Chinese). Shanghai Clearing House. 30 April 2015. Retrieved 29 September 2016.
  2. ↑ "China's Dongbei Special Steel defaults on $131M debt". Financial Times. 29 March 2016. Retrieved 29 September 2016.
  3. ↑ "2015 Annual Report". Fushun Special Steel Co., Ltd. (in Chinese). hosted by cninfo.com.cn. 30 March 2016. Retrieved 29 September 2016.

External links

This article is issued from Wikipedia - version of the 10/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.