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Valin Steel's "ten-billion-recapitalization" approved by shareholders' meeting

2019-04-28 16:16:37  【Print】
On April 26, Valin Steel announced that its ten-billion-recapitalization was greatly promoted because the SASAC of Hunan Province has approved the recapitalization plan in principle.Asian Metal CopyrightOn April 26, Valin Steel announced that its ten-billion-recapitalization was greatly promoted because the SASAC of Hunan Province has approved the recapitalization plan in principle.Asian Metal Copyright All proposals were passed on the second interim shareholders' meeting on the afternoon that day.

So far, Valin Steel's ten-billion-recapitalization has only one last hurdle to go through - the approval of the China Securities Regulatory Commission (CSRC).

According to its previous announcements, Valin Steel planned to acquire all the shares of Valin Xiangtan Iron & Steel Co., Ltd.Asian Metal Copyright All proposals were passed on the second interim shareholders' meeting on the afternoon that day.Asian Metal Copyright, Valin LY Steel Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright and Valin Steel Tube Co.Asian Metal Copyright and Valin Steel Tube Co.Asian Metal Copyright held by Valin LY Steel.Asian Metal Copyright, Ltd.Asian Metal Copyright, Valin LY Steel Co.Asian Metal Copyright, and 100% of the shares in Valin Energy Saving & Environmental Protection Technology Co.Asian Metal Copyright and Valin Steel Tube Co.Asian Metal Copyright, Ltd.Asian Metal Copyright .Asian Metal Copyright held by Valin LY Steel.Asian Metal CopyrightOn April 26, Valin Steel announced that its ten-billion-recapitalization was greatly promoted because the SASAC of Hunan Province has approved the recapitalization plan in principle.Asian Metal Copyright Valin Steel would acquire the assets at a total price of up to 10.Asian Metal Copyright, Ltd.Asian Metal Copyright466 billion yuan, which is a real "ten-billion-recapitalization".

.Asian Metal CopyrightOn April 26, Valin Steel announced that its ten-billion-recapitalization was greatly promoted because the SASAC of Hunan Province has approved the recapitalization plan in principle.Asian Metal Copyright