Listing of WISCO's stocks terminated on February 14
2017-02-09 18:18:50 [Print]
According to the announcement made by WISCO on late February 7, the Shanghai Stock Exchange accepted and issued "Decisions on terminating the listing of WISCO's stocks" (Shanghai Stock Exchange self-regulatory decision [2017] No. 36) on that very day. The SSE Listing Committee decided to terminate the listing of shares of WISCO after examination. The Shanghai Stock Exchange will delist WISCO's stocks within 5 trading days since the day decisions published and the listing of WISCO's stocks will be terminated since February 14, 2017.
The company claimed that its shares held by shareholders of the company will be converted to Baosteel's stocks based on the ratio of 1: 0.56 after the termination of listing; that is, every 1 share of the Company's shares can be exchanged to 0.56 shares of Baosteel's shares. The shares of Baosteel will be listed on the Shanghai Stock Exchange after the completion of the merger. Baosteel will handle the relevant change of registration and resume the trading after the completion of the formalities. The specific listing time and the resumption time will be announced separately by Baosteel.
The company claimed that its shares held by shareholders of the company will be converted to Baosteel's stocks based on the ratio of 1: 0.56 after the termination of listing; that is, every 1 share of the Company's shares can be exchanged to 0.56 shares of Baosteel's shares. The shares of Baosteel will be listed on the Shanghai Stock Exchange after the completion of the merger. Baosteel will handle the relevant change of registration and resume the trading after the completion of the formalities. The specific listing time and the resumption time will be announced separately by Baosteel.
