Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
Mar.29.2024 1USD=7.095RMB
  SteelHome >>Steel>>Steelmakers' Info>>Industry Dynamics
 
Guangzhou Steel Regrouping Plan Delayed

https://en.steelhome.com [SteelHome] 2011-04-01 16:15:20

share to social network site

Economic Observer news reported that Guangzhou Iron Steel Co Ltd released a new regrouping plan on December 31 2010 about which no news has been heard with 4 months passing by.

Mr Wubin deputy general manager of Guangri Stock Co Ltd disclosed that the company had completed reverse merger preparation and that the regrouping plan would get approved by CSRC and MOFCOM once it was passed during Guangzhou Steel shareholders meeting.

He also indicated that it would take about half a year before Guangri Stock completes its back door listing.

Guangzhou Steel Group is an oversized enterprise group established by Baoshan Iron Steel Co Ltd, SASAC of Guangdong Province and Guangzhou city on June 28 2008 with the registered capital of CNY 35.86 billion 80% of which was cash contribution from Baosteel and another 20% was joint stock by SASAC of Guangdong Province and Guangzhou city.

Source: GZ Daily News

Related News
Search
News Price
Hot Topics
Latest Update
Most Viewed
上海市通信管理局
沪B2-20040629
Copyright© 2004-. SteelHome.com. All Rights Reserved
Shanghai SteelHome Information Technology Co., Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277