Huang Tianwen, President Of Sinosteel Group, Was Removed From Office.
According to sources, Huang Tianwen, President of Sinosteel group, was removed from office.
A source said, the SASAC officials concerned in May 13th went to Sinosteel group and announced the decision of the SASAC to remove Huang from astronomy.
At present, this news has not yet been conveyed in Sinosteel.
According to the website of Sinosteel group, Huang Tianwen is currently vice president of the Sinosteel group and vice chairman of the Party committee, and also serves as chairman of Limited by Share Ltd.
According to the public resume, Huang Tianwen was born in 1955 and became the China Iron and steel industry and trade group company in December 2003. Later, he was renamed the general manager and Secretary of the Party committee of Sinosteel group.
Since 2005, under the leadership of Huang Tianwen, Sinosteel has carried out a series of mergers and acquisitions, and gradually built up "mining, carbon, refractory, ferroalloy".
equipment
Manufacturing "five major industrial operation pattern", "Sinosteel mode" once approved by the SASAC.
However, these
Buy
It did not bring better returns to Sinosteel.
In 2008, Sinosteel invested $1 billion 400 million to acquire 100% stake in the central and western mineral company in Australia. The planned annual output of iron ore is more than 30 million tons.
However, this project is still in the preliminary exploration stage in 2009, with a loss of 92 million 810 thousand yuan in the current period.
Last August, Caixin "new century" reported that the National Audit Office of Sinosteel group
audit
After the report, Sinosteel has many financial problems, such as financial management confusion.
The Audit Commission issued a huge amount of capital exchanges between Sinosteel and private steel enterprises in Shanxi JOYOU iron and Steel Co., which resulted in nearly 4 billion yuan in arrears, while China and another private iron and steel enterprise Hebei also had similar serious problems.
At present, it is not clear whether the removal of Huang Tianwen is related to the above issues.
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