Valin Iron & Steel to acquire assets of RMB10.5 billion

On Dec 9, 2018, Valin Iron & Steel announced that the company intends to issue shares to Valin Group and Lianyuan Iron and Steel Group to purchase all minority stakes of their holding subsidiary - Valin Xiangtan Iron and Steel, Valin LY Steel, and Valin Steel Tube; pay cash to the Lianyuan Iron and Steel Group to purchase 100% of its shares in Valin Energy-saving.Asian Metal Copyright503 billion.Asian Metal Copyright The initial transaction price of the underlying assets to be acquired this time totals RMB10.Asian Metal Copyright503 billion.Asian Metal Copyright503 billion.Asian Metal Copyright After the completion of the transaction, the company will hold 100% equity of Valin LY Steel, Valin Xiangtan Iron and Steel, Hengyang Valin Steel Tube, and Valin Energy-saving.Asian Metal Copyright After the completion of the transaction, the company will hold 100% equity of Valin LY Steel, Valin Xiangtan Iron and Steel, Hengyang Valin Steel Tube, and Valin Energy-saving.
.Asian Metal Copyright After the completion of the transaction, the company will hold 100% equity of Valin LY Steel, Valin Xiangtan Iron and Steel, Hengyang Valin Steel Tube, and Valin Energy-savingAsian Metal Copyright