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    Liuzhou Steel plans to acquire additional 13% stake in Guangxi Steel

    2026-05-08 14:24:30   [Print]
    Liuzhou Iron & Steel Co.Asian Metal CopyrightLiuzhou Iron Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright Upon completion of the transaction, Guangxi Steel will become an absolute majority-controlled subsidiary of Liuzhou Steel.Asian Metal Copyright plans to acquire a 13% equity stake in Guangxi Iron and Steel Group Co.Asian Metal Copyright, through a combination of share issuance and cash payment.Asian Metal Copyright, Ltd.Asian Metal Copyright2 million tonnes.Asian Metal Copyright from its controlling shareholder, Guangxi Liuzhou Iron and Steel Group Co.Asian Metal Copyright, through a combination of share issuance and cash payment.Asian Metal Copyright, Ltd.Asian Metal Copyright11%.Asian Metal Copyright, through a combination of share issuance and cash payment.Asian Metal Copyright Liuzhou Steel is one of the largest steel producers in southern and southwestern China, with an annual steel rolling capacity of 22.Asian Metal Copyright The company also intends to raise up to RMB1.Asian Metal Copyright plans to acquire a 13% equity stake in Guangxi Iron and Steel Group Co.Asian Metal Copyright5 billion (USD221) through a private share placement to no more than 35 specific investors to support the transaction.Asian Metal Copyright .Asian Metal Copyright The final transaction price has yet to be determined.

    Prior to the deal, Liuzhou Steel directly holds a 44.77% stake in Guangxi Steel and indirectly owns an additional 0.Asian Metal Copyright .Asian Metal Copyright33% stake through a subsidiary, bringing its total interest to 45.Asian Metal Copyright33% stake through a subsidiary, bringing its total interest to 45.Asian Metal Copyright11%.Asian Metal Copyright11%.Asian Metal Copyright Upon completion of the transaction, Guangxi Steel will become an absolute majority-controlled subsidiary of Liuzhou Steel.

    Liuzhou Steel is one of the largest steel producers in southern and southwestern China, with an annual steel rolling capacity of 22.2 million tonnes.Asian Metal Copyright from its controlling shareholder, Guangxi Liuzhou Iron and Steel Group Co.Asian Metal Copyright Guangxi Steel's core businesses include steel smelting, steel rolling and processing, coking, and the sales of coal and related products.

    .Asian Metal Copyright Prior to the deal, Liuzhou Steel directly holds a 44Asian Metal Copyright
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