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Last $0.24 USD
Change Today 0.00 / 0.00%
Volume 6.1K
CPSL On Other Exchanges
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

china precision steel inc (CPSL) Snapshot

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Day High
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52 Week High
07/9/14 - $1.30
52 Week Low
06/23/15 - $0.23
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Average Volume 10 Days
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china precision steel inc (CPSL) Details

China Precision Steel, Inc., a steel processing company, manufactures and sells cold-rolled precision steel products. It produces and sells precision cold-rolled steel products ranging from 7.5 mm to 0.03 mm. The company’s steel products comprise cold-rolled and hard-rolled low carbon steel products for steel roofing, food packaging, dry batteries, electronic devices, and kitchen tools; cold-rolled and hard-rolled high carbon steel products for automobile parts and components, grinding pieces, saw blades, and weaving needles; and tailor made cold rolled steel products. It also provides heat treatment, and cutting and slitting services for medium and high-carbon hot-rolled steel strips not exceeding 7.5 mm thickness. The company sells its products to component manufacturers and directly to the end-users in the People’s Republic of China, Indonesia, Thailand, the Caribbean, Nigeria, Ethiopia, and Turkey. China Precision Steel, Inc. is headquartered in Sheung Wan, Hong Kong.

177 Employees
Last Reported Date: 10/14/14

china precision steel inc (CPSL) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $28.4K
Chairwoman, Chief Financial Officer, Principa...
Total Annual Compensation: $84.0K
Compensation as of Fiscal Year 2014.

china precision steel inc (CPSL) Key Developments

China Precision Steel, Inc. Announces Resignation of MSPC, Certified Public Accountants and Advisors as Auditor

On June 18, 2015, the Board of Directors of China Precision Steel, Inc. was notified by its auditor, MSPC, Certified Public Accountants and Advisors, that MSPC has resigned as the company's auditing firm. The company's Board of Directors has accepted the resignation of MSPC.

China Precision Steel Inc Plans to Cease its Operations, Lay Off the Majority of its Employees and Explore a Sale

China Precision Steel Inc. and its lenders have ground to a halt, and now the steel processor will cease its operations, lay off the majority of its employees and explore a sale. The company does not have sufficient cash flows to continue its current operations and is considering alternative options, including sale of control of the company or all its assets.

China Precision Steel, Inc. Announces Resignation of Jian Lin Li, Tung Kuen Tsui and Wei Hong Xiao as Board of Directors

China Precision Steel, Inc. announced that effective June 10, 2015, Jian Lin Li, Tung Kuen Tsui and Wei Hong Xiao resigned from the Board of Directors of the company.


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