Chongqing Iron and Steel terminates investing in Chongqing Iron and Steel (Group) acquisition special fund

On 13 October, Chongqing Iron and Steel announced that the company terminated investing in Chongqing Iron and Steel (Group) acquisition special fund as the floor price of the group's 100% equities transfer program was higher than the company's expectation and the program was not listed again after the expiration date.

In September 2020, the 100% equities transfer program of Chongqing Iron and Steel (Group) expired in terms of information disclosure period and failed to get interested transferee. Chongqing State-owned Assets Supervision and Administration Commission, the transferor of the project, didn't prolong the listing time or list the project again.Asian Metal CopyrightOn 13 October, Chongqing Iron and Steel announced that the company terminated investing in Chongqing Iron and Steel Group acquisition special fund as the floor price of the group's 100% equities transfer program was higher than the company's expectation and the program was not listed again after the expiration date.Asian Metal Copyright Therefore, Chongqing Iron and Steel decided to terminate investing in Chongqing Iron and Steel (Group) acquisition special fund.

.Asian Metal CopyrightOn 13 October, Chongqing Iron and Steel announced that the company terminated investing in Chongqing Iron and Steel Group acquisition special fund as the floor price of the group's 100% equities transfer program was higher than the company's expectation and the program was not listed again after the expiration dateAsian Metal Copyright