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. The Company is 58%-owned by CITIC Group in Beijing. CITIC Pacific Special Steel is a special steel manufacturer in China. Special steel is used in a range of industries, including auto components, machinery manufacturing, transportation, energy, railways and shipping. CITIC Pacific鈥檚 iron ore mine is the magnetite mine in Australia. CITIC Pacific properties are located in Shanghai and cities in the Yangtze Delta area, as well as Hainan Island. During the year ended December 31, 2010, the Company disposed its 65% interest in Shijiazhuang Iron & Steel Co., Ltd. On May 5, 2010, the Company disposed of a 20% interest in Companhia de Telecomunicacoes de Macau, S.A.R.L. to CITIC Telecom Holdings Limited.

Headquartered in Hong Kong, CITIC Pacific is 58% owned by CITIC Group in Beijing with the remainder of its shares owned by investors from around the world.

 

We are a diversified company, with a primary focus on Special Steel manufacturing, Iron Ore Mining and Property development in mainland China. These three businesses together constituted 72% of our total assets at the end of 2010.

 

We are managed by a team of experienced professionals, who have deep knowledge of and expertise in developing and operating businesses in mainland China, Hong Kong and Australia.