01
Nov
10:05
Chonggang extends trading halt on restructuring delay
Chongqing Iron and Steel (Chonggang) has announced an extension of its share trading halt. This is due to its restructuring plan being too complex to complete on schedule, according to a notice on the Shanghai Stock Exchange. Chonggang suffered a net loss of CNY 3.2 billion ($472.68 million) over January to September, and also lost nearly CNY 6 billion in 2015, Kallanish notes.
Chonggang is carrying out a restructuring by divesting major steel assets and re…
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Anonymous
Very good overview of the weekly steel market.
Anonymous