Chongqing Iron and Steel terminates investing in Chongqing Iron and Steel (Group) acquisition special fund
2020-10-14 17:09:55 [Print]
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 . Therefore, Chongqing Iron and Steel decided to terminate investing in Chongqing Iron and Steel (Group) acquisition special fund.
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 . Therefore, Chongqing Iron and Steel decided to terminate investing in Chongqing Iron and Steel (Group) acquisition special fund.