Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(A joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00323) ANNOUNCEMENT IN RELATION TO THE LISTING OF AN INVESTEE COMPANY HENAN JINMA ENERGY COMPANY LIMITED ON THE HONG KONG STOCK EXCHANGEOn 9 October 2017, Maanshan Iron & Steel Company Limited (the "Company") was notified by an investee company Henan Jinma Energy Company Limited ("Jinma Energy") that Jinma Energy will be listed on the Hong Kong Stock Exchange on 10 October 2017. The relevant matters are announced as follows:
-
General Information of Jinma Energy
Name: Henan Jinma Energy Company Limited
Date of establishment: 13 February 2003
Legal representative: Yiu Chiu Fai
Registered capital: RMB 400,000,000
Registered address: West First Ring Road South, Jiyuan
Unified social credit identifier: 91410000750738573C
Business scope: Production and sale of coke, coal tar, crude benzene, ammonium sulfate, crude oven gas; Power and heat generation by utilizing crude oven gas. (For business activities in the above scope subject to approval required under the laws and regulations, approval must be obtained from relevant authorities prior to conducting business) (Projects that are subject to approval in accordance with laws must be approved by relevant departments before the commencement of operation activities).
-
Information of Shareholders of Jinma Energy
No.
Name of shareholder
Number of shares held ('000 shares)
Percentage of shareholding (%)
1
Jinma Energy (Hong Kong) Limited
162,000
40.5
2
Maanshan Iron & Steel Company Limited
144,000
36.0
3
Jiangxi PXSteel Industrial Co., Ltd.
54,000
13.5
4
Jiyuan Jinma Xingye Investment Co., Ltd.
40,000
10.0
- The Impact of the Listing of Jinma Energy on the Company
The listing of Jinma Energy on the Hong Kong Stock Exchange will facilitate the expansion of financing channel for Jinma Energy, and can enhance its financing ability. Meanwhile, it will also increase the liquidity of the assets of the Company, which is in the interests of the Company and the shareholders in the long run.
Since there is no disposal or deemed disposal by the Company of its interest in Jinma Energy, the listing of Jinma Energy on the Hong Kong Stock Exchange does not constitute a notifiable transaction of the Company and therefore it is not subject to shareholders' approval requirements under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board
Maanshan Iron & Steel Company Limited9 October 2017
Maanshan City, Anhui Province, the PRC
As at the date of this announcement, the directors of the Company include: Executive Directors: Ding Yi, Qian Haifan
Non-executive Directors: Su Shihuai, Ren Tianbao
Independent Non-executive Directors: Qin Tongzhou, Yang Yada, Liu Fangduan
Maanshan Iron & Steel Company Limited published this content on 09 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 October 2017 14:49:09 UTC.
Original documenthttp://www.magang.com.hk/download/announcement/1541/eng/E Jimma Energy.pdf
Public permalinkhttp://www.publicnow.com/view/2671C539B2216154BD998EC9107D406CCCBB0081