Shougang Concord International Enterprise Co.

Shougang Concord International Enterprises Company Limited an investment holding company. The Company is organized into six segments: steel manufacturing, shipping operations, electricity generation, steel trading, kitchen and laundry equipment, and others. The steel manufacturing segment manufactures and sells steel products. The shipping operations segment includes vessel chartering and the hiring of floating cranes. The electricity generation segment is engaged in the generation of electricity, steam and hot water. The Company’s steel trading segment is engaged in the trading of steel products. The kitchen and laundry equipment segment is engage in the manufacture and installation of kitchen and laundry equipment. Others includes management services business. 

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Fushan (HKG:0639) to Grab 14.34% Mount Gibson (ASX:MGX) Stake

🕔9/24/2009 3:00:14 PM 13953

Mount Gibson Iron Limited (ASX:MGX) has entered into two agreements with Fushan International Energy Group (HKG:0639), Shougang Concord International Enterprises Company Limited (HKG:0697), Shougang Holding (Hong Kong) Limited and various subsidiaries of those companies.

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Asian Markets Overview of February 11

🕔2/11/2009 3:00:33 PM 17766

Today the major indexes in Asia have been hit by the unfavourable news from the US. Asian share markets ended mixed yesterday indexes moved up and down in a narrow range. Shanghai continued its rally over government stimulus measures with a rise of 1.8 percent, and also led the Hong Kong shares up 0.8 percent. Tokyo and Seoul markets closed slightly lower as market was weighed down by the worries over the US rescue plan.

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Australian Market Report of November 24: Surge Amid Bear Market

🕔11/24/2008 1:00:59 PM 13027

The Australian stock market staged a late rally on last Friday, with the benchmark S&P/ASX200 index closing up 63.6 points, or 1.9 per cent, at 3,416.5, while the broader All Ordinaries index gained 54.3 points, or 1.63 per cent, to 3,386.9. Market is struggling to recover with some "bear market rally" although the fundamental problems remain. Analysts said the recent fluctuation is because of uncertainty and the political factors are important at this stage.

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Australian Market Report of November 4: Good Start To November

🕔11/4/2008 1:00:00 PM 12317

Yesterday the Australian share market closed about 5% higher on its first trading day of November with good lead from Wall Street on last Friday and the expectation of another RBA interest rate cut. It was the share markets' fourth consecutive stronger day adding A$51 billion to the value of stocks.

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