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    Baowu Steel files at NDRC for acquiring H-shares of Masteel

    2019-09-04 15:48:06   [Print]
    On 3 September, Masteel Group released an announcement and stated that the State-owned Assets Supervision and Administration Commission of the State Council will be the actual controller of Masteel after Anhui Provincial State-owned Assets Supervision and Administration Commission transfers 51% equities of Masteel to Baowu Steel for free as announced earlier.Asian Metal CopyrightOn 3 September, Masteel Group released an announcement and stated that the State-owned Assets Supervision and Administration Commission of the State Council will be the actual controller of Masteel after Anhui Provincial State-owned Assets Supervision and Administration Commission transfers 51% equities of Masteel to Baowu Steel for free as announced earlier.Asian Metal Copyright Besides, Baosteel Hong Kong Investment Company Limited put forward that it may acquire all issued H-shares of Masteel in terms of a compulsory and conditional cash offer and filed for related investment items of the H-shares tender offer.Asian Metal Copyright .Asian Metal Copyright On 30 August, National Development and Reform Commission (NDRC) issued the "filing notice of overseas investment items" to Baowu Steel and finished filing for the H-shares tender offer.
    .Asian Metal CopyrightOn 3 September, Masteel Group released an announcement and stated that the State-owned Assets Supervision and Administration Commission of the State Council will be the actual controller of Masteel after Anhui Provincial State-owned Assets Supervision and Administration Commission transfers 51% equities of Masteel to Baowu Steel for free as announced earlierAsian Metal Copyright
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