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July 28, 2015 4:44 PM ET

Metals and Mining

Company Overview of China Zhongsheng Resources Holdings Limited

Company Overview

China Zhongsheng Resources Holdings Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ore in the People's Republic of China. The company primarily produces and sells iron and titanium concentrates to iron pellets and steel producers in Shandong Province. It holds mining rights in the Yangzhuang iron mine located in Qinjiazhuang village, Yangzhuang town, Shandong province; Zhuge Shangyu ilmenite mine, an ilmenite and magnetite mine located in Yishui county, Shandong province; Bashan iron project, an iron ore project located in Yishui county; and Luxing titanium mine, an ilmenite ore mine located in Yishui county, Shandong province....

Qin Jia Zhuang

Yishui County

Yangzhuang,  

China

427 Employees

Key Executives for China Zhongsheng Resources Holdings Limited

Chief Executive Officer and Executive Director
Age: 45
Total Annual Compensation: $475.0K
Chairman, Chairman of Nomination Committee and Member of Remuneration Committee
Age: 48
Total Annual Compensation: $728.0K
Executive Director
Age: 56
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2014.

China Zhongsheng Resources Holdings Limited Key Developments

China Zhongsheng Resources Holdings Limited, Board Meeting, May 27, 2015

China Zhongsheng Resources Holdings Limited, Board Meeting, May 27, 2015. Agenda: To consider the audited annual results of the company and its subsidiaries for the year ended 31 December 2014; and to consider the recommendation of payment of a final dividend, if any.

China Zhongsheng Resources Holdings Limited Establishes Financial Leasing Company in Tian Jin

The board of directors of China Zhongsheng Resources Holdings Limited announced that, the company has established a financial leasing company in Tian Jin, the PRC to carry out financial leasing business in respect of domestic and overseas purchase of leased properties, processing and maintenance of residual value, and consultant and guarantee on leasing transactions. Financial leasing is a form of credit for the direct purpose of financing and also a special form of financial business conducted in the manner of amortization of rent, which consequently combines fund financing and assets financing. The principal activities of the Group are iron and ilmenite ore exploration, mining and processing to produce iron concentrates and titanium concentrates, trading of iron concentrates and titanium concentrates in Shandong Province, the PRC and import and sales of fuel oil. The Board is of the view that the commencement of Financial Leasing Business will contribute to broadening the revenue stream of the company.

China Zhongsheng Resources Holdings Limited Provides Earnings Guidance for the Six Months Ending June 30, 2015

The board of directors of the China Zhongsheng Resources Holdings Limited informed the shareholders and potential investors of the company that, based on the unaudited management accounts of the group for the five months' period ended May 31, 2015 and the management's assessment, it is anticipated that the group will record a loss for the six months ending June 30, 2015 as compared with a profit for the last corresponding period, mainly due to the decrease in the average selling prices of iron concentrates and titanium concentrates which resulted in the decrease in revenue.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 1, 2015
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To contact China Zhongsheng Resources Holdings Limited, please visit www.chinazhongsheng.com.hk. Company data is provided by Capital IQ. Please use this form to report any data issues.

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