3 stories mentioning SHE:000825Updated just now
Every FINWIRES story that references SHE:000825, newest first.
Shanxi Taigang Stainless Steel (SHE:000825) directors approved the write-off of aging fixed assets, according to a Thursday filing with the Shenzhen bourse.The original value is 100.6 million yuan, while impairment provisions reached 607,400 yuan.The book value of the fixed assets is 18.9 million yuan and could impact its annual profit by the same amount, the filing said.
Fitch Ratings affirmed Taiyuan Iron & Steel's long-term foreign-currency issuer default rating at A-, with a stable outlook.Taiyuan Iron & Steel is rated one notch below its parent, China Baowu Steel Group, reflecting the "strong parent, weak subsidiary" dynamic under Fitch's parent and subsidiary linkage criteria, according to a Wednesday commentary.The stable outlook reflects the rating agency's expectation that the parent-subsidiary linkages will persist.
Shanxi Taigang Stainless Steel (SHE:000825) will contribute its stake in Baowu Water Technology to Baowu Group Environmental Resources Technology as part of a major related-party transaction.The company's 11.837% interest in Baowu Water Technology is valued at about 361.8 million yuan.Following the capital injection, Shanxi Taigang Stainless Steel will hold 3.91% of Baowu Environment, which will see its registered capital rise to 1.04 billion yuan.
