03
Mar
07:56
Shougang receives permission to issue shares, raise funds
Beijing Shougang on Wednesday obtained unconditional approval from the China Securities Regulatory Commission for the issue of shares to purchase assets and raise supporting funds, and resumed trading in its shares on the Shenzhen Stock Exchange, Kallanish notes.
Shougang intends to issue shares to its parent company Shougang Group in exchange for control of 49% equity of Shougang Steel Trade (Shougang Gangmao), for a nominal value of CNY 5.86 billion ($…
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Anonymous
Very good overview of the weekly steel market.
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