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    Valin Iron and Steel: Capital increase of RMB7.25 billion to Valin Xiangtan Iron and Steel and Valin LY Steel after reshuffle

    2019-12-18 16:23:37   [Print]
    Valin Iron and Steel released an announcement on late December 16 that the company is undertaking major assets restructuring.Asian Metal Copyright251 billion USD892 million to Valin Xiangtan Iron and Steel and of RMB994 million USD142 million to Valin LY Steel in cash after the settlement completion of reshuffle.Asian Metal Copyright The detailed measure is issuing shares to purchase a small part of equity of its subsidiaries, i.Asian Metal Copyright Valin Xiangtan Iron and Steel Co.Asian Metal Copyrighte.Asian Metal Copyright, Ltd.Asian Metal Copyright Valin Xiangtan Iron and Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright After the reshuffle, Valin Xiangtan Iron and Steel and Valin LY Steel will become wholly-owned subsidiaries of Valin Iron and Steel.Asian Metal Copyright, Valin LY Steel Co.Asian Metal Copyright The detailed measure is issuing shares to purchase a small part of equity of its subsidiaries, i.Asian Metal Copyright, Ltd.Asian Metal Copyright Valin Xiangtan Iron and Steel Co.Asian Metal Copyright and Hengyang Valin Steel Tube Co.Asian Metal Copyrighte.Asian Metal Copyright, Ltd.Asian Metal Copyright In order to further enlarge the capital scale of wholly-owned subsidiaries and enhance the capital strength, Valin Iron and Steel plans to make a capital increase of RMB6.Asian Metal Copyright, and acquiring related assets of relevant parties in cash.Asian Metal Copyright The detailed measure is issuing shares to purchase a small part of equity of its subsidiaries, i.Asian Metal Copyright After the reshuffle, Valin Xiangtan Iron and Steel and Valin LY Steel will become wholly-owned subsidiaries of Valin Iron and Steel.Asian Metal Copyright, Ltd.Asian Metal Copyright In order to further enlarge the capital scale of wholly-owned subsidiaries and enhance the capital strength, Valin Iron and Steel plans to make a capital increase of RMB6.Asian Metal Copyright, Ltd.Asian Metal Copyright251 billion (USD892 million) to Valin Xiangtan Iron and Steel and of RMB994 million (USD142 million) to Valin LY Steel in cash after the settlement completion of reshuffle.
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