Reform and restructuring plan of Chongqing Iron and Steel (Group) gets approval from the government
2020-03-23 15:47:50 [Print]
On March 20, People's Government of Chongqing released the "Reply on Reform and Restructuring Plan of Chongqing Iron and Steel (Group) Co
According to the content of the reply, after the transfer, the State-owned Assets Supervision and Administration Commission of Chongqing will no longer hold the equity of Chongqing Iron and Steel (Group), and the company will no longer be managed as a state-owned key enterprise.
. , Ltd . " on its official website and agreed in principle that the State-owned Assets Supervision and Administration Commission of Chongqing to publicly transfer 100% equity of Chongqing Iron and Steel (Group) Co . , Ltd . on Chongqing Stock Exchange with a reserve price of RMB2 . 563 billion (USD361 million).
According to the content of the reply, after the transfer, the State-owned Assets Supervision and Administration Commission of Chongqing will no longer hold the equity of Chongqing Iron and Steel (Group), and the company will no longer be managed as a state-owned key enterprise.