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26 March 2025
| Name: | CHINA STEEL AUSTRALIA LIMITED (CNH) |
| Date of Listing: | 29 February 2008 |
| Date of Delisting: | 30 August 2012 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 August 2012.Legal Status:
ACN: 128 988 732ABN: 97 128 988 732
Registration Date: 19 December 2007
Deregistration Date: 18 May 2014
Capital Gains Tax (CGT) Status:
This entity was deregistered on 18 May 2014. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Computershare Brisbane
Level 1, 200 Mary Street Brisbane QLD 4000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail
company deregistered today | 18/05/2014 |
delisted following failure to pay annual listing fees in respect of the year ending 30 June 2013 | 30/08/2012 |
lodges form for the share cancellation and return of capital | 06/08/2012 |
The Board of China Steel wish to advise that there has been a delay in completion of the restructure of Reservoir Star as a result of a delay in receipt of various government approvals. Reservoir Star anticipate that the restructure of Reservoir Star will be completed by April 2012. Given the delay in the Reservoir Star restructure, the re-admission timetable contained in the Notice of Meeting at paragraph 3.11 will be delayed by approximately 2-3 months | 23/03/2012 |
releases amended dates for the share cancellation and return of capital | 21/03/2012 |
all resolutions (inter alia Disposal of Main Undertaking, Capital Reduction and Cancellation-AUD$0.03426 per Share-, Related Party Benefit, Return of Capital to Shareholders) considered at three meetings of the company today were passed on a show of hands | 07/03/2012 |
the Board of Directors of China Steel Australia Limited (China Steel) wish to inform the market that one of its shareholders, China Powerplus Limited (Powerplus) lodged an announcement with the Singapore Exchange (SGX) on 22 November 2011. This announcement relates to the intention of Powerplus, Jadefield Group Limited (Jadefield) and Ms Zhang Guangxia to negotiate for the acquisition of the business and assets of China Steel. The Board of China Steel wish to inform China Steel shareholders and the market that it is currently considering the proposed terms and the most effective way to implement a reconstruction of China Steel with the aim of divesting its current main undertaking, Linyi Yilida Steel Mill Co. Ltd, acquiring a new main undertaking and seeking re-quotation of its shares on the ASX | 23/11/2011 |
releases financial report for year ended 30 June 2011 | 04/11/2011 |
CNH advise that the Consolidated Financial Statement for the year ended 30 June 2011 will be delayed for lodgement due to the unfavourable operating environment of our business, Linyi Yilida Steel Mill Co. Ltd ("our subsidiar"). Upon the completion of the audit process, the Company will release the Financial Report and notice of Annual General Meeting. It is anticipated that these tasks will be completed in the short-term and the Board will keep shareholders informed of any new development | 29/08/2011 |
CNH today announced that it expects its year end results will reflect impairment charges related to its Blast Furnace Facility 2 ("Plant 2"). This involves the write down of the total carrying amount of Plant 2 construction in progress which had a carrying value of $48.9 million as at 31 December 2010 - no progress has been made on Plant 2 and the plant has been idle since 9 December 2008 as CNH has been unsuccessful in raising the required funds for its completion - our independent directors had resigned and CNH is still searching for replacement of directors | 12/05/2011 |
releases Half Yearly Report - the company reports a net profit of $1.89 million for the six months to December, compared with a loss of $978,000 for the previous corresponding period | 28/02/2011 |
the company's subsidiary has received a court summons dated 12th January 2011 from Linyi Municipal People's Court ("the Court") - this is in relation to a construction contract dispute with its contractor - Hebei Metallurgical Construction Group Co. Ltd ("Hebei") for the amount of RMB39.07 million and interest - however, in December 2010, our subsidiary has paid an amount of RMB30million to Hebei - a representative from the subsidiary is required to attend the court hearing on 4th March 2011 at 10 a.m. - subsidiary is negotiating with Hebei for a settlement plan prior to the Court hearing - however, during the Court hearing, the Court will act as facilitator for the negotiation - the settlement could be via an instalment payment scheme or a deferred payment plan - if a settlement could not be reached, the most unfavourable outcome would be the seizure of the assets of the Company by the Court for the protection of the subsidiary's creditors | 24/02/2011 |
the securities of China Steel Australia Limited (the "Company") will be suspended from quotation immediately, pending the release of an announcement/s providing clarification regarding the temporary cessation of production at its Linyi plant and its corporate governance arrangements | 22/02/2011 |
the suspension of trading in the securities of China Steel Australia Limited (the "Company") will be lifted immediately, following receipt of an announcement regarding the outcome of discussions in respect of a potential capital raising | 24/03/2010 |
the securities of China Steel Australia Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement of an equity raising via a share placement | 19/03/2010 |
company deregistered today | 18/05/2014 |
delisted following failure to pay annual listing fees in respect of the year ending 30 June 2013 | 30/08/2012 |
lodges form for the share cancellation and return of capital | 06/08/2012 |
The Board of China Steel wish to advise that there has been a delay in completion of the restructure of Reservoir Star as a result of a delay in receipt of various government approvals. Reservoir Star anticipate that the restructure of Reservoir Star will be completed by April 2012. Given the delay in the Reservoir Star restructure, the re-admission timetable contained in the Notice of Meeting at paragraph 3.11 will be delayed by approximately 2-3 months | 23/03/2012 |
releases amended dates for the share cancellation and return of capital | 21/03/2012 |
all resolutions (inter alia Disposal of Main Undertaking, Capital Reduction and Cancellation-AUD$0.03426 per Share-, Related Party Benefit, Return of Capital to Shareholders) considered at three meetings of the company today were passed on a show of hands | 07/03/2012 |
the Board of Directors of China Steel Australia Limited (China Steel) wish to inform the market that one of its shareholders, China Powerplus Limited (Powerplus) lodged an announcement with the Singapore Exchange (SGX) on 22 November 2011. This announcement relates to the intention of Powerplus, Jadefield Group Limited (Jadefield) and Ms Zhang Guangxia to negotiate for the acquisition of the business and assets of China Steel. The Board of China Steel wish to inform China Steel shareholders and the market that it is currently considering the proposed terms and the most effective way to implement a reconstruction of China Steel with the aim of divesting its current main undertaking, Linyi Yilida Steel Mill Co. Ltd, acquiring a new main undertaking and seeking re-quotation of its shares on the ASX | 23/11/2011 |
releases financial report for year ended 30 June 2011 | 04/11/2011 |
CNH advise that the Consolidated Financial Statement for the year ended 30 June 2011 will be delayed for lodgement due to the unfavourable operating environment of our business, Linyi Yilida Steel Mill Co. Ltd ("our subsidiar"). Upon the completion of the audit process, the Company will release the Financial Report and notice of Annual General Meeting. It is anticipated that these tasks will be completed in the short-term and the Board will keep shareholders informed of any new development | 29/08/2011 |
CNH today announced that it expects its year end results will reflect impairment charges related to its Blast Furnace Facility 2 ("Plant 2"). This involves the write down of the total carrying amount of Plant 2 construction in progress which had a carrying value of $48.9 million as at 31 December 2010 - no progress has been made on Plant 2 and the plant has been idle since 9 December 2008 as CNH has been unsuccessful in raising the required funds for its completion - our independent directors had resigned and CNH is still searching for replacement of directors | 12/05/2011 |
releases Half Yearly Report - the company reports a net profit of $1.89 million for the six months to December, compared with a loss of $978,000 for the previous corresponding period | 28/02/2011 |
the company's subsidiary has received a court summons dated 12th January 2011 from Linyi Municipal People's Court ("the Court") - this is in relation to a construction contract dispute with its contractor - Hebei Metallurgical Construction Group Co. Ltd ("Hebei") for the amount of RMB39.07 million and interest - however, in December 2010, our subsidiary has paid an amount of RMB30million to Hebei - a representative from the subsidiary is required to attend the court hearing on 4th March 2011 at 10 a.m. - subsidiary is negotiating with Hebei for a settlement plan prior to the Court hearing - however, during the Court hearing, the Court will act as facilitator for the negotiation - the settlement could be via an instalment payment scheme or a deferred payment plan - if a settlement could not be reached, the most unfavourable outcome would be the seizure of the assets of the Company by the Court for the protection of the subsidiary's creditors | 24/02/2011 |
the securities of China Steel Australia Limited (the "Company") will be suspended from quotation immediately, pending the release of an announcement/s providing clarification regarding the temporary cessation of production at its Linyi plant and its corporate governance arrangements | 22/02/2011 |
the suspension of trading in the securities of China Steel Australia Limited (the "Company") will be lifted immediately, following receipt of an announcement regarding the outcome of discussions in respect of a potential capital raising | 24/03/2010 |
the securities of China Steel Australia Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement of an equity raising via a share placement | 19/03/2010 |
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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Xue Yongwen | Non Exec Chairman | 03/09/2008 |
| Chen Lidong | CEO, Executive Director | 01/10/2004 |
| Chung Cheung | Non Exec Director | 29/11/2011 |
| Paul Wong | Non Exec Director | 11/01/2012 |
| Brian Ho | Non Exec Director | 29/11/2011 |
| Leanne Ralph | Company Secretary |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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