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Taiyuan Coal Gasification Group
Taiyuan Coal Gasification (Group) Co., Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan, Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of . However, Shanxi SASAC granted fellow state-owned enterprise Jincheng Anthracite Mining Group (JAMG) to manage their stake since 2011. Taiyuan Coal Gasification Group was the largest shareholder of Taiyuan Coal Gasification Co., Ltd. (TCGC, ) for 49.45% stake until 2016. In September 2016 Taiyuan Coal Gasification Group sold 24.26% stake of the listed company to JAMG for (CN¥6.87 per share). A backdoor listing was planned for a subsidiary () of JAMG, which produces coal mine methane. The assets and liabilities of the listed company before 31 January 2016 would sold back to Taiyuan Coal Gasification Group. In 2005 Taiyuan Coal Gasification Group was in the enterprise list in line with Coking Industry Access Condition (first batch) of the National Development a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jinzhong
Jinzhong, formerly Yuci, is a prefecture-level city in east central Shanxi province of the People's Republic of China, bordering Hebei province to the east. As of the 2020 census, its total population was 3,379,498 inhabitants whom 1,226,617 lived in the Yuci and Taigu urban districts. However,5,433,659 lived in the built-up (or metro) area of Taiyuan - Jinzhong made of Yuci district plus the 6 Taiyuan urban districts, largely conurbated. History Lingshi County was the location of the Nanshan Colliery disaster. In 1999, the area was considered sufficiently urbanized that Jinzhong Prefecture became a prefecture-level city, with its former seat at Yuci becoming its county-level Yuci District. Administrative divisions Jinzhong is divided into the following county-level subdivisions: Climate Jinzhong has a continental, monsoon-influenced semi-arid climate (Köppen ''BSk''),Peel, M. C., Finlayson, B. L., and McMahon, T. A.: Updated world map of the Köppen-Geiger climate cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shandong Iron And Steel Company
Shandong Iron and Steel Group Co Ltd (), commonly known as Shandong Steel, is a Chinese steel company based in Jinan. 2015 it was ranked as 12th biggest steel producer of the world with an production of 21.7 million tonnes of steel. In 2009, it took a 67% stake in Rizhao Iron and Steel. SISG is controlled by the provincial government of Shandong. SISG was formed in March 2008 when the provincial government of Shandong merged two state-owned steel producers. History The State-owned Shandong Iron and Steel Group Co Ltd was created out of the restructuring of Jinan Iron and Steel Group Co and Laiwu Steel Group Corp – the sixth- and seventh-largest steel makers in the country – and Shandong Metallurgical Industry Corp. The three belong to the Shandong provincial state assets management commission. Shandong Iron and Steel has a registered capital of 10 billion yuan ($1.4 billion) and is fully state-owned. Under the provincial steel industry plan, the group has an annual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benxi Steel Group
Benxi Steel Group Corp., Ltd. known as Benxi Steel Group (or Bengang in China) is a Chinese holding company based in Benxi, Liaoning Province, for two steel making group. The company was formed in 2010 as the holding company for Benxi Iron and Steel (Group) Co., Ltd. () and Beitai Iron and Steel (Group) Co., Ltd. (), the latter now known as Benxi Beiying Iron and Steel (Group) Co., Ltd. (). According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 21st in 2015 the world ranking by production volume. It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Liaoning Provincial People's Government. History In 1905, after the Russo-Japanese War, Liaoning fall under the sphere of influence of Japan. Japanese Okura Kihachiro opened a coal mine in Benxi. After the protest of Qing Government, it became a Sino-Japanese joint venture in 1910 (as ). In the next year the comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gangue
In mining, gangue () is the commercially worthless material that surrounds, or is closely mixed with, a wanted mineral in an ore deposit. It is thus distinct from overburden, which is the waste rock or materials overlying an ore or mineral body that are displaced during mining without being processed, and from tailings, which is rock already stripped of valuable minerals. The separation of valuable mineral from gangue minerals is known as mineral processing, mineral dressing, or ore dressing. It is a necessary, and often significant, aspect of mining. It can be a complicated process, depending on the nature of the minerals involved. For example, galena, an ore of lead, is usually found in large pieces within its gangue, so it does not normally need extensive processing to remove it; but cassiterite, the chief ore mineral of tin, is usually disseminated as very small crystals throughout its gangue, so when it is mined from hard rock, the ore-bearing rock first needs to be crushed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanxi Top Energy
Shanxi (; ; formerly romanised as Shansi) is a landlocked province of the People's Republic of China and is part of the North China region. The capital and largest city of the province is Taiyuan, while its next most populated prefecture-level cities are Changzhi and Datong. Its one-character abbreviation is "" (), after the state of Jin that existed there during the Spring and Autumn period. The name ''Shanxi'' means "West of the Mountains", a reference to the province's location west of the Taihang Mountains. Shanxi borders Hebei to the east, Henan to the south, Shaanxi to the west and Inner Mongolia to the north. Shanxi's terrain is characterised by a plateau bounded partly by mountain ranges. Shanxi's culture is largely dominated by the ethnic Han majority, who make up over 99% of its population. Jin Chinese is considered by some linguists to be a distinct language from Mandarin and its geographical range covers most of Shanxi. Both Jin and Mandarin are spoken in Shanxi. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tangsteel Group
Tangshan Iron and Steel Group Company Limited, or Tangsteel, founded in 1943 and headquartered in Tangshan, Hebei, is one of the largest steel manufacturing state-owned enterprise in China. Its subsidiary and listed company, Tangshan Iron and Steel Company Limited () was established in 1994 and it was listed on the Shenzhen Stock Exchange in 1997. In 2005 it formed a joint venture Jingtang United Iron and Steel with Shougang Group. Tangsteel Group owned 49%. In 2006, Tangsteel merged with Xuanhua Iron & Steel Group and Chengde Iron and Steel Group to form "New Tangsteel Iron and Steel Group". In 2008, Tangsteel merged with Hansteel Group Handan Iron and Steel Group or Hansteel is a state-owned iron and steel enterprise engaging in the manufacturing, processing, and sale of black metal, billet, steel rolling, carbamide, sintering mineral, metallurgical machinery parts, and coke. ... to form " Hebei Iron and Steel Group", which is the largest steel maker in China and the fifth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xuangang
Xuanhua Steel Group Co., Ltd.() or Xuansteel is a state-owned iron and steel enterprise located in Xuanhua District, Hebei Province, China, which is mainly engaged in Steel business. In 2006, the company incoperated into the Tangsteel Group. In 2008, Tangsteel merged with Hansteel and formed the Hebei Steel Group (Hesteel), becoming China's largest and the world's fifth largest steel company. In 2016, Hebei Province introduced a plan to shut down the old factory in Xuanhua District, Zhangjiakou before 2020, and start the construction of new factory located in Laoting County, Tangshan Tangshan () is a coastal, industrial prefecture-level city in the northeast of Hebei province. It is located in the eastern part of Hebei Province and the northeastern part of the North China Plain. It is located in the central area of the Boha ... in April, 2017. References Government-owned companies of China Steel companies of China Companies based in Zhangjiakou Chinese companies est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, neg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thermal Coal
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous ( Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some i ... [...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] |
