01
Oct
11:22
Baosteel and Wisco shares to resume next week
Baosteel and Wisco say trading in their shares will resume on 10 October after the National Day holiday. Both halted trading on 20 September when they announced that they were settling on a joint restructuring plan, Kallanish notes.
The merger of the two companies will see Baosteel issue shares to Wuhan Iron and Steel and take full control of it in return. A conversion price has been set at CNY 4.6 per Baosteel Share and CNY 2.58 per Wisco share. The timetable f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous