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Huaigang Special Steel
Jiangsu Shagang Group Huaigang Special
Special
Steel Co., Ltd. (known as Huaigang or Huaisteel) is a Chinese steel manufacturer based in Huai'an, Jiangsu Province. It was a subsidiary of privately held company Shagang Group via its publicly traded subsidiary Shagang Company (SZSE: 002075) for 63.79% stake, from 2010 to 2015
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List Of Business Entities
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province
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Huai'an
223000, 223200, 223300 (Urban center) 211600, 211700, 223100, 223400 (Other areas) (Other areas)Area code(s) 517GDP ¥245.54 billion (2014) GDP
GDP
per capita ¥50,736 (2014)Major Nationalities HanCounty-level divisions 8Township-level divisions 127License Plate Prefix 苏HWebsite huaian.gov.cn Huai'an
Huai'an
("Hoaigan"). Nieuhof: L'ambassade de la Compagnie Orientale des Provinces Unies vers l'Empereur de la Chine, 1665Qingjiangpu ("Siampu"). Nieuhof: L'ambassade de la Compagnie Orientale des Provinces Unies vers l'Empereur de la Chine, 1665 Huai'an
Huai'an
(Chinese: 淮安; pinyin: Huái'ān), formerly called Huaiyin (simplified Chinese: 淮阴; traditional Chinese: 淮陰; pinyin: Huáiyīn) until 2001, is a prefecture-level city in central Jiangsu province of Eastern China
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Nanjing Iron And Steel Company
Nanjing
Nanjing
( listen), formerly romanized as Nanking and Nankin,[3] is the capital of Jiangsu
Jiangsu
province of the People's Republic of China and the second largest city in the East
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Economy Of China
The socialist market economy of China[20] is the world's second largest economy by nominal GDP[1][21][22] and the world's largest economy by purchasing power parity according to the International Monetary Fund (IMF),[23] although China's National Bureau of Statistics denies the latter assessment.[24] Until 2015, China
China
was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years.[25][26] Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector.[27][28] On a per capita income basis, China
China
ranked 71st by GDP (nominal) and 78th by GDP (PPP) in 2016, according to the International Monetary Fund
International Monetary Fund
(IMF)
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China
China, officially the People's Republic
People's Republic
of China
China
(PRC), is a unitary sovereign state in East Asia
East Asia
and the world's most populous country, with a population of around 1.404 billion.[13] Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area,[k][19] depending on the source consulted. China
China
also has the most neighbor countries in the world
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Zhangjiagang
Zhangjiagang
Zhangjiagang
(simplified Chinese: 张家港; traditional Chinese: 張家港; pinyin: Zhāngjiāgǎng; literally: "The Zhangs' tributary / The Zhangs' port", IPA: [ʈʂáŋtɕjákàŋ]), formerly Shazhou County (沙洲县), is a county-level city under the administration of Suzhou, Jiangsu
Jiangsu
province, China. With 1,246,762 inhabitants at the 2010 census,[1] the city is now part of Jiangyin-Zhangjiagang- Jingjiang
Jingjiang
metropolitan area with 3,526,260 inhabitants. Continued growth will encompass the Yangtze River
Yangtze River
Delta metropolitan region
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Reverse Takeover
A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public.[1] The transaction typically requires reorganization of capitalization of the acquiring company.[2] Sometimes, conversely, the private company is bought by the public listed company through an asset swap and share issue.[3]Contents1 Process 2 Benefits 3 Drawbacks 4 Future financing 5 Examples 6 See also 7 References 8 External linksProcess[edit] In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company
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Magang (Group) Holding Company
Holding may refer to: Holding (law), the central determination in a judicial opinion Holding (aeronautics), a maneuvre in aviation Holding (surname) Holding company, a company that owns stock in other companies
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Privately Held Company
A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are unquoted company and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for US$1,800,000,000,000 in revenues and employed 6.2 million people, according to Forbes. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes' survey of closely held U.S
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Shenzhen Stock Exchange
The Shenzhen
Shenzhen
Stock Exchange (SZSE; Chinese: 深圳证券交易所) is a stock exchange based in the city of Shenzhen, China. It is one of two stock exchanges operating independently in the People's Republic of China, the other being the larger Shanghai Stock Exchange
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Traditional Chinese Characters
Traditional Chinese characters
Chinese characters
(traditional Chinese: 正體字/繁體字; simplified Chinese: 正体字/繁体字; Pinyin: Zhèngtǐzì/Fántǐzì) are Chinese characters
Chinese characters
in any character set that does not contain newly created characters or character substitutions performed after 1946. They are most commonly the characters in the standardized character sets of Taiwan, of Hong Kong and Macau
Macau
or in the Kangxi Dictionary
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Simplified Chinese Characters
Simplified Chinese characters
Chinese characters
(简化字; jiǎnhuàzì)[1] are standardized Chinese characters
Chinese characters
prescribed in the Table of General Standard Chinese
Standard Chinese
Characters for use in mainland China. Along with traditional Chinese characters, they are one of the two standard character sets of the contemporary Chinese written language. The government of the People's Republic of China
People's Republic of China
in mainland China has promoted them for use in printing since the 1950s and 1960s to encourage literacy.[2] They are officially used in the People's Republic of China
Republic of China
and Singapore. Traditional Chinese
Traditional Chinese
characters are currently used in Hong Kong, Macau, and the Republic of China
Republic of China
(Taiwan)
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Equity (finance)
In accounting, equity (or owner's equity) is the difference between the value of the assets and the value of the liabilities of something owned. It is governed by the following equation: Equity = Assets − Liabilities displaystyle text Equity = text Assets - text Liabilities For example, if someone owns a car worth $15,000 (an asset), but owes $5,000 on a loan against that car (a liability), the car represents $10,000 of equity. Equity can be negative if liabilities exceed assets. Shareholders' equity (or stockholders' equity, shareholders' funds, shareholders' capital or similar terms) represents the equity of a company as divided among shareholders of common or preferred stock. Negative shareholders' equity is often referred to as a shareholders' deficit. Alternatively, equity can also refer to the capital stock of a corporation. The value of the stock depends on the corporation's future economic prospects
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Asset
In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).[1] The balance sheet of a firm records the monetary[2] value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business.[1] One can classify assets into two major asset classes: tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets.[3] Current assets include inventory, while fixed assets include such items as buildings and equipment.[4] Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace
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Net Income
In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.[1] It is computed as the residual of all revenues and gains over all expenses and losses for the period,[2] and has also been defined as the net increase in shareholders' equity that results from a company's operations.[3] In the context of the presentation of financial statements, the IFRS Foundation
IFRS Foundation
defines net income as synonymous with profit and loss.[1] Net income
Net income
is the same as net profit but a distinct accounting concept from profit
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