Daye Special Steel plans to bid for 13.50% equity of Xingcheng Special Steel
2019-10-11 14:37:55 [Print]
Daye Special Steel announced on October 10 that the company plans to bid for 13.50% equity of Jiangyin Xingcheng Special Steel Co., Ltd. that is publicly listed for transfer by CITIC Pacific Special Steel Investment Co., Ltd. in Jiangsu Assets and Equity Exchange. The lowest price for the bidding is RMB3,617,593,400 (USD509 million). If the company won the bidding, the company would own 100% of Xingcheng Special Steel. In addition, the company's stock short name is changed from Daye Special Steel to CITIC Special Steel from October 11.
