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    Masteel to transfer 55% stock equity of Maanshan Steel Scrap

    2018-08-16 18:00:05   [Print]
    Maanshan Iron & Steel Co.Asian Metal Copyright "Masteel" recently announced that it planned to transfer the 55% stock equity of Maanshan Steel Scrap Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright ("Masteel") recently announced that it planned to transfer the 55% stock equity of Maanshan Steel Scrap Co.Asian Metal Copyright "Jiahua" plans to add capital and Masteel gives up the pre-emption right and Magang and Jiahua's shareholder Lida Investment Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright ("Steel Scrap") to its controlling shareholder Magang (Group) Holding Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright ("Magang").Asian Metal Copyright, Ltd.Asian Metal Copyright If the transaction proceeds, the ratio of investments from Magang and Masteel will be 55% and 45% respectively.

    In addition, Masteel's wholly-owned subsidiary Anhui Magang Chemical Energy Science & Technology Co., Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright ("Magang Chemical") plans to add investment.Asian Metal CopyrightMaanshan Iron Steel Co.Asian Metal Copyright Masteel intends to added capital of 1,406,140.Asian Metal Copyright The ratio of investments from Magang, Masteel, and Lida will be 40%, 30%, and 30% respectively if the capital increase ends.Asian Metal Copyright00 yuan and give up the pre-emption right, and Magang will subscribe all of the newly-added capital.Asian Metal Copyright "Masteel" recently announced that it planned to transfer the 55% stock equity of Maanshan Steel Scrap Co.Asian Metal Copyright The ratio of investments from Magang and Masteel will be 55% and 45% respectively if the capital increase finishes.

    Furthermore, Masteel's holding subsidiary Anhui Magang Jiahua New Building Materials Co., Ltd.Asian Metal Copyright .Asian Metal Copyright ("Jiahua") plans to add capital and Masteel gives up the pre-emption right and Magang and Jiahua's shareholder Lida Investment Co.Asian Metal Copyright Furthermore, Masteel's holding subsidiary Anhui Magang Jiahua New Building Materials Co.Asian Metal Copyright, Ltd.Asian Metal Copyright00 yuan and give up the pre-emption right, and Magang will subscribe all of the newly-added capital.Asian Metal Copyright ("Lida") will subscribe all of the newly-added capital.Asian Metal Copyright "Jiahua" plans to add capital and Masteel gives up the pre-emption right and Magang and Jiahua's shareholder Lida Investment Co.Asian Metal Copyright The ratio of investments from Magang, Masteel, and Lida will be 40%, 30%, and 30% respectively if the capital increase ends.

    .Asian Metal CopyrightMaanshan Iron Steel CoAsian Metal Copyright
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