March 23, 2020 / 3:58 AM / 17 days ago

China's Chongqing govt to sell Chongqing Iron & Steel - filing

BEIJING, March 23 (Reuters) - The State-owned Assets Supervision and Administration Commission for the Chinese city of Chongqing opened bids to sell its 100% stake in Chongqing Iron & Steel (Group) Co Ltd starting on Monday, a filing from local equity exchange showed.

The transfer, with a minimum sales price of 2.563 billion yuan ($361.39 million), will be open to the public until May 19, according to the filing to the Chongqing Assets and Equity Exchange. ($1 = 7.0921 Chinese yuan renminbi) (Reporting by Min Zhang and Tom Daly; Editing by Christian Schmollinger)

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