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Provider: Thomson Reuters Stock Report
$25.00
Provider: Thomson Reuters Stock Report
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Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00

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Angang Steel Co Ltd Announces Asset Swap and Equity Transferring


Tuesday, 20 Nov 2012 07:00pm EST 

Angang Steel Co Ltd announced that the Company will transfer all its 80% stake in a Putian-based cold-rolled steel company to Anshan Iron and Steel Group Corporation (Anshan Iron), to exchange for all the assets of domestic trading business in a Liaoning-based international trading company (Company A), including equity shares of Company A's nine subsidiaries, valued at RMB 991,768,700. The Company will also transfer a 45% stake in a Tianjin-based cold-rolled sheet company (Company B) to Anshan Iron. After that, the Company will still hold a 5% stake in Company B. 

Company Quote

5.41
0.05 +0.93%
21 Oct 2014