7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
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May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
6th World Manganese & Selenium Forum
May 21-22, 2018
Hainan Sanya, China
6th World Antimony Forum
April 23-24, 2018
Zhangjiajie, China
6th International Refractories & Abrasives Summit
April 19-20, 2018
Beijing, China
Nanjing Iron & Steel to acquire remaining equity of Nangang Development and Jinjiang Metallurgy
2019-05-08 14:49:49 【Print】
Nanjing Iron & Steel Co., Ltd. announced on May 7th that the company intends to issue shares to its controlling shareholder, Nanjing Iron & Steel United Co., Ltd at RMB3.69/ share. It will acquire 38.72% equity of Nanjing Nangang Industrial Development Co., Ltd. and 38.72% equity of Nanjing Jinjiang Metallurgy Furnace Burden Co., Ltd. After the completion of the transaction, the target company will become a wholly-owned subsidiary of the company, and Nanjing Iron & Steel United Co., Ltd remains the controlling shareholder of the listed company. The transaction is expected to lead to a great asset restructuring. 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.
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