Valin Iron & Steel to conduct market-oriented debt-to-equity swap
2018-12-04 17:54:11
[Print]
Valin Iron & Steel announced on 2 December that the company will further reduce its liability ratio via market-oriented debt-to-equity swap.Asian Metal Copyright Meanwhile, the company will issue stocks and pay cash to Valin Group and two of its wholly-owned subsidiaries Valin LY Steel and Hengyang Valin Steel Pipefor them to purchase a small number of equities of the above three companies and 100% equities of Valin Energy-saving Environmental Protection Technology held by the company and the transaction amount is expected to be about RMB7 billion.Asian Metal Copyright Based on preliminary arrangements, the company is going to carry out capital increase for Valin Xiangtan Iron & Steel, Valin LY Steel and Hengyang Valin Steel Pipe by introducing implementing agency of market-oriented debt-to-equity swap.Asian Metal Copyright After the capital increase, the company will issue stocks to the implementing agency for it to purchase a small number of equities of the above three companies held by the company and the transaction amount is expected to be about RMB3 billion.Asian Metal Copyright After the capital increase, the company will issue stocks to the implementing agency for it to purchase a small number of equities of the above three companies held by the company and the transaction amount is expected to be about RMB3 billion.Asian Metal CopyrightValin Iron Steel announced on 2 December that the company will further reduce its liability ratio via market-oriented debt-to-equity swap.Asian Metal Copyright Meanwhile, the company will issue stocks and pay cash to Valin Group and two of its wholly-owned subsidiaries (Valin LY Steel and Hengyang Valin Steel Pipe) for them to purchase a small number of equities of the above three companies and 100% equities of Valin Energy-saving & Environmental Protection Technology held by the company and the transaction amount is expected to be about RMB7 billion.Asian Metal CopyrightValin Iron Steel announced on 2 December that the company will further reduce its liability ratio via market-oriented debt-to-equity swap.Asian Metal Copyright Trading of the company's stocks is suspended from 3 December, 2018.
.Asian Metal Copyright Based on preliminary arrangements, the company is going to carry out capital increase for Valin Xiangtan Iron Steel, Valin LY Steel and Hengyang Valin Steel Pipe by introducing implementing agency of market-oriented debt-to-equity swapAsian Metal Copyright
