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Last $0.32 HKD
Change Today +0.02 / 6.67%
Volume 720.3K
As of 4:01 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

shougang concord century hld (103) Snapshot

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52 Week High
06/3/15 - $0.57
52 Week Low
02/2/15 - $0.24
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Current Stock Chart for SHOUGANG CONCORD CENTURY HLD (103)

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shougang concord century hld (103) Details

Shougang Concord Century Holdings Limited, an investment holding company, manufactures and sells steel cords for use in radial tires in the People’s Republic of China, the United States, Japan, Brazil, and South Korea. The company is also involved in the processing and trading of copper and brass products; and manufacturing of sawing wires and hose wires. In addition, it invests in properties and trades in metals, as well as provides management services. The company is based in Wanchai, Hong Kong. Shougang Concord Century Holdings Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange.

2,141 Employees
Last Reported Date: 04/13/15

shougang concord century hld (103) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: $2.6M
Chairman, Chairman of Nomination Committee an...
Total Annual Compensation: --
Deputy Managing Director and Executive Direct...
Total Annual Compensation: $2.0M
Compensation as of Fiscal Year 2014.

shougang concord century hld (103) Key Developments

Shougang Concord Century Holdings Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2015

Shougang Concord Century Holdings Ltd. provided consolidated earnings guidance for the six months ending June 30, 2015. Based on the currently available information which includes, but without limitation to, the unaudited management accounts of the group for the five months ended 31 May 2015, it is expected that the group will record an unaudited consolidated loss in the range of HKD 80,000,000 to HKD 90,000,000 for the six months ending 30 June 2015 as compared to an unaudited consolidated loss of HKD 38,397,000 for the six months ended 30 June 2014, representing an increase of 108% to 134%. The expected discernible loss was mainly due to the decrease in sales volume of steel cords attributable to the slowdown in demand during the first half year, the continual significant decline in the selling price of steel cords since the second half year of 2014 and no sign of rebound as at the date hereof, which was attributable to the over production capacity of steel cord suppliers and severe market competition in the steel cord industry. The gross profit margin of the Group has been eroded substantially due to the aforesaid market condition.

Shougang Concord Century Holdings Limited Announces Chan Chung Chun, an Independent Non-Executive Director, and A Member of Each of the Nomination Committee, Audit Committee and Remuneration Committee Passes Away

The board of directors of Shougang Concord Century Holdings Limited announced that Mr. Chan Chung Chun, an independent non-executive director of the company, and a member of each of the nomination committee, audit committee and remuneration committee of the company, passed away on 8 May 2015 due to illness. Mr. Chan had been an independent non-executive director of the company since 2007.

Shougang Concord Century Holdings Ltd., Annual General Meeting, May 22, 2015

Shougang Concord Century Holdings Ltd., Annual General Meeting, May 22, 2015., at 10:20 China Standard Time. Location: The Residence, Mezzanine Floor. Agenda: To consider the audited financial statements and the report of the directors and independent auditor's report for the year ended December 31, 2014; to re-elect directors; to re-appoint Deloitte Touche Tohmatsu as auditors of the company and to authorize the board of directors to fix their remuneration; to pass resolution 4 of the notice of annual general meeting to give a general mandate to the directors to allot, issue and deal with additional shares not exceeding 20% of the aggregate number of issued shares of the company; to pass resolution 5A of the notice ­to give a general mandate to the directors to buy back shares not exceeding 10% of the aggregate number of issued shares of the company; and to consider other things.


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China Dynamics Holdings Ltd $0.40 HKD +0.005
Loco Hong Kong Holdings Ltd $0.68 HKD +0.03
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