Shougang to acquire 49% stake in Steel Trade Investment
2021-09-13 11:34:00 [Print]
Shougang announced that it plans to acquire 49
. 00% equity interest in Beijing Shougang Steel Trade Investment Management Co . , Ltd . through a private placement . At the same time, the company plans to raise associated funds through non-public offering by way of inquiry to no more than 35 qualified eligible investors . The auditing and evaluation of the acquisition has not finished yet with the estimated value and appraised price undetermined . This transaction is not expected to cause major asset restructuring.