It was reported on 7 December 2018 that Valin Steel plans to issue shares to Valin Group, Lianyuan Steel Group and etc. to purchase its holding sub-companies’ all minority shares and pay cash to purchase Valin Energy –saving 100% shares from Lianyuan Steel Group.
The deal totaled 10.503 billion yuan for this acquisition. After the deal, Valin Steel will hold shares of Valin Lianyuan Steel, Valin Xiangtan Steel, Valin Hengyang Steel and Valin Energy-saving.
Through application, shares of the company will resume trading on December 10th 2018.
(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358) |
