|
|
Article: Zhuzhou Smelter changes non-tradable shares divestment proposal.
- Article from:
- China Business News
- Article date:
- September 28, 2005
CopyrightCOPYRIGHT 2005 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Zhuzhou Smelter changes non-tradable shares divestment proposal
Shanghai. September 28. INTERFAX-CHINA - Hunan Zhuzhou Smelter Torch Metals Co. Ltd (Zhuzhou Smelter), the largest zinc smelter in China, announced Wednesday it will compensate private investors 3.5 shares for each ten owned to float its non-tradable stock.
The proposal was originally announced on September 19 as 3.2 shares for every ten, but after negotiations between non-tradable shareholders and private investors the company decided to modify the proposal.
Currently, the Zhuzhou Smelter has total capital stock of 427.46 mln shares, of which 307.46 mln shares are non-tradable, ...