CITIC Pacific Limited



Quote for CITIC Pacific Limited

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Symbol/Code:
00267
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H Share
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Quote Delayed 15 Min.
Currency in HKD Time=UTC+800267 quote

Summary for CITIC Pacific Limited

CITIC Pacific Limited is a Hong Kong-based holding company. It is a diversified company, with a primary focus on special steel manufacturing, iron ore mining and property development in mainland china. These three business areas together constituted over 70% of total assets at the end of 2011. The Company is 58%-owned by CITIC Group in Beijing. Its subsidiary CITIC Pacific Special Steel provides products include special steel wires and bars, medium-to-thick wall seamless steel tubes, special plates and special forging steels. Its Sino Iron project has rights to extract 2 billion tonnes of magnetite iron ore resources from its mine in Cape Preston in Western Australia's Pilbara region. The Company focuses on developing medium and large-scale projects in mainland China. Its properties are located in prime areas of Shanghai and major cities in the Yangtze River delta area and Hainan province. It is also involved in power generation, including electricity and heat.