12th Rare Earth Summit

May 18-19, 2020
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

May 14-15, 2020
Hangzhou, Zhejiang, China

9th Magnesium Summit

April 16-17, 2020
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

Mar 12-13, 2020
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

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

Valin Steel's restructuring application approved by CSRC

2019-08-16 15:00:09  【Print】
On the evening of 14 August, Valin Steel released an announcement, declaring that its stock issue, asset procurement by cash and related trading items were approved by China Securities Regulatory Commission (CSRC) conditionally.

According to the announcement of Valin Steel, the total price for underlying assets of the restructuring is RMB10.466 billion (USD1.Asian Metal Copyright According to the announcement of Valin Steel, the total price for underlying assets of the restructuring is RMB10.Asian Metal Copyright49 billion).Asian Metal Copyright466 billion USD1.Asian Metal Copyright After the deal is completed, Valin Steel will hold 100% equities of Valin Xiangtan Iron and Steel, Valin LY Steel, Hengyang Steel Tube and Valin Energy-saving.

Valin Steel noted that the deal will effectively reduce asset-liability ratio of listed company, relieve financial burden of listed company and optimize capital structure, improve synergistic effect between production of iron and steel and energy-conservation power generation and enhance competitiveness of listed company and continuous operation ability.

.Asian Metal Copyright Valin Steel noted that the deal will effectively reduce asset-liability ratio of listed company, relieve financial burden of listed company and optimize capital structure, improve synergistic effect between production of iron and steel and energy-conservation power generation and enhance competitiveness of listed company and continuous operation ability.Asian Metal Copyright