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Shanxi provincial government to integrate assets among key gas firms

Beijing (JLC), September 25, 2020--Shanxi (in North China) provincial government plan to integrate gas assets among its major gas firms, Shanxi State-owned Capital Operation said on its website on September 23.

09-25-2020 18:42:51

Shanxi to integrate assets among key gas firms

Beijing (JLC), September 25, 2020--North China’s Shanxi province plan to integrate gas assets among its major gas firms, Shanxi State-owned Capital Operation said on its website on September 23.

09-25-2020 18:17:36

CNOOC gains interest in two Adnoc offshore oil assets

China National Offshore Oil Corporation (CNOOC) has gained some interest in two offshore oil assets of Abu Dhabi National Company (ADNOC), according to ADNOC.

07-30-2020 16:20:20

COGPNC to finish asset transfer by September 30

Beijing (JLC), May 26, 2020--The asset transfer from the three domestic oil giants, PetroChina, Sinopec and CNOOC, to the China Oil & Gas Piping Network Corporation (COGPNC) will be finished by September 30, company sources said.

05-26-2020 10:30:01

Two phases of asset transfer for COGPNC determined

Beijing (JLC), April 13, 2020--Two phases of asset transfer for China Oil & Gas Piping Network Corporation (COGPNC) have been determined recently to ensure normal operation of COGPNC by the end of 2020, company sources said

04-13-2020 11:26:43

Hebei Steel and Xinxing Ductile Iron Pipe announce no assets in Xiong'an New District

Hebei Steel clarified on Tuesday evening that it has had no business or assets in Xiong’an New District so far, and that its recent production and operation remains normal with no big changes in internal and external environment.

04-05-2017 14:14:58

Sinopec procures Chevron assets in South Africa and Botswana

Sinopec announced on March 22nd that it had concluded an agreement with Chevron Corporation (Chevron for short) to purchase 75% of Chevron South Africa (Proprietary) Limited’s stock rights.

03-23-2017 18:14:56

Yitai Coal to shed poor-quality assets, acquire good-quality assets

Yitai Coal announced lately to transfer its 36% stake in Yitai Tongda Coal Company to Ordos Huijiabao Investment Co., Ltd for CNY129 million.

12-29-2016 09:38:47

China taps coal giants as asset managers to guide supply cuts

China set up an asset-management company to reduce coal overcapacity at a time when the country is seeking to encourage consumption of cleaner fuels.

07-25-2016 17:18:17

Baosteel & WISCO both deny intention to acquire Vale's iron ore assets

On the night of July 11th, Baosteel Group and Wuhan Iron and Steel (Group) Corporation (WISCO) denied the rumor that the two Chinese steelmaking giants intended to purchase mineral resources from Brazil’s Vale.

07-12-2016 16:10:44

HBIS Xuanhua Steel to relocate in Tangshan after asset reorganization

Hebei Iron and Steel Group (HBIS) revealed recently that Xuanhua Steel plans to move out of Zhangjiakou, recombine some quality capacity with Tangshan Steel and Chengde Steel and relocate in the coastal area of Tangshan.

06-30-2016 11:18:37

Chinese private assets rushing into LNG projects

According to JYD, Golden Concord Holdings Limited inked a proposal with Linhai city of Zhejiang province about LNG receiving terminal and supporting pipeline project investment the other day, marking the two parties’ cooperation had come into fact.

06-07-2016 16:56:03

Longmei Mining plans to sell 363 assets for CNY2.2 bln to boost cash flow

Longmei Mining Holding Group was auctioning its 363 non-operating assets for CNY2.222 billion in the public the other day. The asset transfer is aimed at accelerating transformation and adding to cash flow, under the government’s requirement.

03-30-2016 17:07:22

CISA: Large steelmakers' average debt-to-asset ratio rises to 70.1% in 2015

China large-sized steelmakers’ asset-liability ratio averaged at 70.06% in 2015, rising by 1.55 percentage points year-on-year.

03-03-2016 15:56:31

Anglo American looks to cut debt through asset sales

Anglo plans to sell its iron ore, coal and nickel units as part of a sweeping strategic overhaul to cope with a commodities rout that has triggered a fight for survival even among heavyweight miners.

02-22-2016 10:01:26

Assets stripping highlighted in PetroChina natural gas pipelines reform

In December, 2015, it was said natural gas pipelines were in assets stripping process. With 2015 closing, oil and gas reform scheme was about to be launched and the “13th-five-year plan” of oil and gas industry was being made.

12-17-2015 14:57:46

Steel M&A assets exceed CNY100 bln during 12th “5-year plan” period

During the 12th “five-year” plan period, system constraints are gradually removed with SOE reforms constantly being conducted, and it becomes an industrial consensus to eliminate backward capacity via merge and acquisition (M&A)

11-12-2015 10:24:49

Datong Coal Mine Cooperates with Huilong Assets Management

On August 12th, Datong Coal Mine Group signed an agreement with Jiangsu Huilong Assets Management Co., Ltd over strategic cooperation in long-term contract coal sales, coal-electricity integration projects and logistics projects.

08-18-2015 11:43:13

Rio Tinto Completes Mozambique Coal Asset Sale

Miner Rio Tinto said Wednesday it had completed the sale of its assets in Mozambique's Tete province to Indian state-run consortium International Coal Ventures Private Limited (ICVL).

10-11-2014 10:09:51

Yangmei Chemical Purchasing Earning Assets against Dilemma

Yangmei Chemical Co., Ltd., which has fallen into huge loss, had to purchase earning assets to get rid of its dilemma. Currently，the company spent over CNY1.5 billion to purchase three assets from substantial shareholders partnerships, aiming at improve its performance in this way.

09-18-2014 17:33:15

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