Gansu Jiu Steel Group Hongxing Iron & Steel Sets Up Subsidiary; Shares Jump 4%

MT Newswires Live

Nov 27

Gansu Jiu Steel Group Hongxing Iron & Steel (SHA:600307) will invest 200 million yuan to set up a new steel materials subsidiary, according to a Thursday filing with the Shanghai bourse.

The subsidiary is set to be named Jiuquan Iron & Steel Group Gansu Hongxing Hongbo New Materials.

The newly-formed company is set to produce steel reinforcement products and metal materials. It will also carry out steel and iron smelting, non-ferrous metal rolling processing, metal cutting processing, and sales of steel materials, among others, the filing said.

Shares jumped 4% during afternoon trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2586219564"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2586219564\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2586219564?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-27 13:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2586219564","market":"sg","top_or_hot":-1,"title":"Gansu Jiu Steel Group Hongxing Iron & Steel Sets Up Subsidiary; Shares Jump 4%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/600307\">Gansu Jiu Steel</a> Group Hongxing Iron &amp; Steel (SHA:600307) will invest 200 million yuan to set up a new steel materials subsidiary, according to a Thursday filing with the Shanghai bourse.</p><p>The subsidiary is set to be named Jiuquan Iron &amp; Steel Group Gansu Hongxing Hongbo New Materials.</p><p>The newly-formed company is set to produce steel reinforcement products and metal materials. It will also carry out steel and iron smelting, non-ferrous metal rolling processing, metal cutting processing, and sales of steel materials, among others, the filing said.</p><p>Shares jumped 4% during afternoon trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gansu Jiu Steel Group Hongxing Iron & Steel Sets Up Subsidiary; Shares Jump 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGansu Jiu Steel Group Hongxing Iron & Steel Sets Up Subsidiary; Shares Jump 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-11-27 13:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/600307\">Gansu Jiu Steel</a> Group Hongxing Iron &amp; Steel (SHA:600307) will invest 200 million yuan to set up a new steel materials subsidiary, according to a Thursday filing with the Shanghai bourse.</p><p>The subsidiary is set to be named Jiuquan Iron &amp; Steel Group Gansu Hongxing Hongbo New Materials.</p><p>The newly-formed company is set to produce steel reinforcement products and metal materials. It will also carry out steel and iron smelting, non-ferrous metal rolling processing, metal cutting processing, and sales of steel materials, among others, the filing said.</p><p>Shares jumped 4% during afternoon trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0188","symbol_name":"融资融券","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2586219564","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586219564","pubTimestamp":1764221844,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Gansu Jiu Steel Group Hongxing Iron & Steel  will invest 200 million yuan to set up a new steel materials subsidiary, according to a Thursday filing with the Shanghai bourse.The subsidiary is set to be named Jiuquan Iron & Steel Group Gansu Hongxing Hongbo New Materials.The newly-formed company is set to produce steel reinforcement products and metal materials. It will also carry out steel and iron smelting, non-ferrous metal rolling processing, metal cutting processing, and sales of steel materials, among others, the filing said.Shares jumped 4% during afternoon trading on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600307":"酒钢宏兴","BK0188":"融资融券","ARKG":"ARK Genomic Revolution ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK0212":"黑色加工","BK4544":"ARK ETF合集"},"translate_title":"甘肃酒钢集团红星钢铁设立子公司；股价上涨4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600307":0.9,"ARKG":0.66},"content_text":"Gansu Jiu Steel Group Hongxing Iron & Steel (SHA:600307) will invest 200 million yuan to set up a new steel materials subsidiary, according to a Thursday filing with the Shanghai bourse.The subsidiary is set to be named Jiuquan Iron & Steel Group Gansu Hongxing Hongbo New Materials.The newly-formed company is set to produce steel reinforcement products and metal materials. It will also carry out steel and iron smelting, non-ferrous metal rolling processing, metal cutting processing, and sales of steel materials, among others, the filing said.Shares jumped 4% during afternoon trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}