Liuzhou Steel to acquire 13% stake in Guangxi Steel
2026-09-03 11:42:57 [Print]
Liuzhou Iron & Steel Co., Ltd. announced a proposal to acquire a 13% stake in Guangxi Iron and Steel Group Co., Ltd. from its parent company, Guangxi Liuzhou Iron and Steel Group Company Limited. The transaction, valued at RMB3,664,229,800 (USD545,431,498), will be settled through a combination of cash and newly issued shares--comprising cash consideration of RMB1 billion (USD 148.85 million) and share consideration of RMB2,664,229,800 (USD396,578,598).
Upon completion of the deal, Liuzhou Steel's total issued share capital will increase from 2,634,221,771 shares to 3,261,099,377 shares. As a result, the controlling shareholder, Guangxi Liuzhou Iron and Steel Group Company Limited, will see its stake in the listed company rise from 72.54% to 77.82%.
Upon completion of the deal, Liuzhou Steel's total issued share capital will increase from 2,634,221,771 shares to 3,261,099,377 shares. As a result, the controlling shareholder, Guangxi Liuzhou Iron and Steel Group Company Limited, will see its stake in the listed company rise from 72.54% to 77.82%.
