Nanjing Iron & Steel to acquire remaining equity of Nangang Development and Jinjiang Metallurgy
2019-05-08 18:06:00
[Print]
Nanjing Iron & Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd at RMB3.Asian Metal Copyright announced on May 7th that the company intends to issue shares to its controlling shareholder, Nanjing Iron & Steel United Co.Asian Metal Copyright72% equity of Nanjing Jinjiang Metallurgy Furnace Burden Co.Asian Metal Copyright, Ltd at RMB3.69/ share.Asian Metal Copyright, Ltd remains the controlling shareholder of the listed company.Asian Metal Copyright It will acquire 38.Asian Metal Copyright and 38.Asian Metal Copyright72% equity of Nanjing Nangang Industrial Development Co.Asian Metal Copyright72% equity of Nanjing Jinjiang Metallurgy Furnace Burden Co.Asian Metal Copyright, Ltd.Asian Metal Copyright It will acquire 38.Asian Metal Copyright and 38.Asian Metal CopyrightNanjing Iron Steel Co.Asian Metal Copyright72% equity of Nanjing Jinjiang Metallurgy Furnace Burden Co.Asian Metal Copyright, Ltd at RMB3.Asian Metal Copyright, Ltd.Asian Metal Copyright69 share.Asian Metal Copyright After the completion of the transaction, the target company will become a wholly-owned subsidiary of the company, and Nanjing Iron & Steel United Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd remains the controlling shareholder of the listed company.Asian Metal Copyright72% equity of Nanjing Jinjiang Metallurgy Furnace Burden Co.Asian Metal Copyright The transaction is expected to lead to a great asset restructuring.Asian Metal CopyrightNanjing Iron Steel Co.Asian Metal Copyright In view of the uncertainty of the target company's valuation and proposed pricing, the amount of share in this transaction has not yet been determined.
.Asian Metal Copyright The transaction is expected to lead to a great asset restructuringAsian Metal Copyright
