22
Jun
15:48
SSI delists from Thailand stock exchange
Thai flat steelmaker Sahaviriya Steel Industries (SSI) has announced its delisting from the Stock Exchange of Thailand (SET) effective 11 July. Cost problems and high debts and interest have weighed on the company for several years, Kallanish notes.
The trigger for this decision was that shareholders' equity fell below zero, according to the SET document. At the end of the trading period on 10 July, SET will delist the common shar…
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Very good overview of the weekly steel market.
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