Shougang Concord International

Infobox Company
company_name = Shougang Concord International Enterprises Company Limited
首長國際企業有限公司
company_
company_type = State-owned enterprise (Red chip)
genre =
foundation = 1993
founder =
location_city = flagicon|Hong Kong Hong Kong
location_country = China
location =
origins =
key_people = Chairman: Mr. Wang Qinghai
area_served = flagicon|China China
industry = Conglomerate
products =
services =
revenue =
operating_income =
net_income =
num_employees =
parent = Shougang Group
divisions =
subsid =
owner =
company_slogan =
homepage = [http://www.shougang-intl.com.hk/ Shougang Concord International Holdings Limited]

Shougang Concord International Enterprises Company Limited (hkex|697) is the subsidiary of Beijing-based state-owned Shougang Group [ [http://www.chinadaily.com.cn/hkedition/2008-03/05/content_6507607.htm Shougang Concord gets $320m for expansions] ] engaging in seven businesses: steel manufacturing, steel trading, shipping segment, electric generation, property investment and management and other corporate businesses. [ [http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_C344A4270 Shougang Concord International Enterprises Company Limited] ]

Shougang Concord International was formerly Tung Wing Steel and Iron Company Limited (Tung Wing Steel). In 1992, Shougang Group partnered with Li Ka Shing from Cheung Kong Holdings to acquire 51% and 21% of total shares of Tung Wing Steel respectively, and then Tung Wing Steel became the subsidiary of Shougang Group. In 1993, Tung Wing Steel was renamed to Shougang Concord International, the present company name. [ [http://www.cctr.ust.hk/workshops/Development-English.ppt Shougang spent US$20 million to purchase 51% of the total share of Tung Wing Steel and Iron Ltd.] ] [ [http://www.iht.com/articles/1995/02/21/arrest.php Investors Dump Firms With China Ties : Shougang Rattles Market] ]

Shougang Concord International is one of the most historical red chip shares in Hong Kong. It joined the Hang Seng China-Affiliated Corporations Index in 1993, but it was expelled from the index in 2001. It rejoined the index in 2008. [ [http://main.hsi.com.hk/hsicom/constituent/hist_hscci.xls Constituents of Hang Seng China-Affiliated Corporations Index] ]

Link

* [http://www.shougang-intl.com.hk/ Shougang Concord International Holdings Limited]

Reference