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Qixing Iron Tower
Northcom Group Co., Ltd. (formerly known as Shandong Qixing Iron Tower Co., Ltd.) is a Chinese company with two main lines of business in the manufacturing towers for power transmission and communications and other industrial products and the provision of wireless broadband services. History The company was founded in 2002 as a part of the Qixing Group, a private industrial group based in Shandong with diversified holdings. In February 2010, the company became listed on the Shenzhen Stock Exchange. Financial troubles and sale to Longyue The parent company, Qixing Group, experienced financial difficulties due to overborrowing and rapid expansion in the 2010s. At the peak of its expansion in 2012, the parent company had added capacity to its core business of aluminum production and entered into new lines of business. Years later the president of the China Aluminum Association would say "Qixing expanded blindly". Throughout 2014, the parent company and its subsidiary Qixing Iron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zouping County
Zouping () is a county-level city of Shandong province. Geography The city is located on the northern edge of the mountainous central portion of the province. It is under the administration of the prefecture-level city of Binzhou, but is only west of downtown Zibo. Administrative divisions As 2012, this City is divided to 3 subdistricts and 13 towns. ;Subdistricts * Daixi Subdistrict () * Huangshan Subdistrict () * Gaoxin Subdistrict () ;Towns Climate Economy Zouping is one of the richest counties in the country. Its economic prosperity has depended on the development of the aluminum industry. The Qixing Group Shandong Qixing Group Co., Ltd. is a private Chinese business group whose subsidiaries are engaged in the smelting of aluminum. At one point the company owned an array of other businesses including property development, power cables and ceramics and ... and Hongqiao Group, two large players in the aluminum production industry and pillars of local industry are based ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shandong
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural and religious center for Taoism, Chinese Buddhism and Confucianism. Shandong's Mount Tai is the most revered mountain of Taoism and a site with one of the longest histories of continuous religious worship in the world. The Buddhist temples in the mountains to the south of the provincial capital of Jinan were once among the foremost Buddhist sites in China. The city of Qufu is the birthplace of Confucius and was later established as the center of Confucianism. Confucianism developed from what was later called the Hundred Schools of Thought from the teachings of the Chinese philosopher Confucius. Shandong's location at the intersection of ancient and modern n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qixing Group
Shandong Qixing Group Co., Ltd. is a private Chinese business group whose subsidiaries are engaged in the smelting of aluminum. At one point the company owned an array of other businesses including property development, power cables and ceramics and a five-star hotel before shedding businesses as part of a restructuring plan from heavy debt accumulated during its rapid expansion. It is one of the main industrial groups in Zouping County, one of the richest counties in the country. History The company's rapid growth has depended on generous availability of corporate debt. Through heavy borrowing the company was able to expand its aluminum production operations and enter other lines of business. By 2012, Qixing would reach its apex. The group company was then made up of 15 operating companies and seven subsidiaries with revenue 15 billion RMB ($2.3 billion) and had 12,000 employees. These businesses included Qixing Iron Tower, a Shenzhen Stock Exchange listed subsidiary, that manufact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exchange and the Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen. With a market capitalization of its listed companies around US$2.504 trillion in 2019, it is the 7th largest stock exchange in the world, and 4th largest in East Asia and Asia. History On December 1, 1990, Shenzhen Stock Exchange was founded. In January 1992, Deng Xiaoping's Southern Tour saved China's capital market and the two stock exchanges (the other is Shanghai Stock Exchange). In July 1997, the State Council of China decided that the Shenzhen Stock Exchange would be directly managed by the China Securities Regulatory Commission. In May 2004, the SME Board was launched. In October 2009, the ChiNext market () was inaugurated. State-owned c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China. History China's first Securities Law was passed December 1998, and became effective July 1, 1999. It is the nation's first comprehensive securities legislation, and grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation". The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for "illegal activities related to securities and futures"., note 1. The CSRC is empowered to issue opinions or "Guideline Opinions", which are not legally binding, as guidelines for publicly-traded corporations. Indicative of the role of the CSRC, China's highest court, the Suprem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stonewall Resources
Stonewall Resources () is an Australian gold mining company with exploration and development operations in New South Wales, Australia and Mpumalanga Province, South Africa. History The company was founded in 2008 as Meridien Resources Limited. Early on the main focus of the company was the development of the Lucky Draw gold tailings dam in Burraga, New South Wales. The company was listed on the Australian Securities Exchange in 2011 under the symbol MRJ. (The similarly named Meridian Minerals Limited was also listed on the ASX under the symbol MII.) In 2012, the company expanded by acquiring Stonewall Resources, a South Africa focused miner, and renamed the company after the target. The company entered into a share sale agreement with a Chinese buyer in November 2013. Shandong Qixing Iron Tower Co., Ltd, a subsidiary of the Qixing Group listed on the Shenzhen Stock Exchange, entered into the Sale Share Agreement with Stonewall for a purchase price of US$141 million for 100% sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, The Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Placement
Private placement (or non-public offering) is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors. Generally, these investors include friends and family, accredited investors, and institutional investors. PIPE (Private Investment in Public Equity) deals are one type of private placement. SEDA (Standby Equity Distribution Agreement) is also a form of private placement. They are considered to present lower transaction costs for the issuer than public offerings. Since private placements are not offered to the general public, they are prospectus exempt. Instead, they are issued through Offering Memorandum. Private placements come with a great deal of administration and have normally been sold through financial institutions such as investment banks. New FinTech companies now offer an automated, online process making it easier to reach potential investors and reduce the administra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
