|
|
Article: TANGSHAN IRON NOT NEED TO SPEND HUGE BUY OPPOSERS' SHARES
- Article from:
- AsiaInfo Services
- Article date:
- July 3, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
07-03-2009
Tangshan Iron Not Need to Spend Huge Buy Opposers' Shares
SHANGHAI, Jul 03, 2009 (SinoCast Daily Business Beat via COMTEX) -- Hebei Iron & Steel Group just takes a deep breath when it learns that there are 19.67 million shares that the group possible has to spend hundreds of million of the Chinese yuan to buy, in a bid to complete the merger of its three listed companies.
The group has ordered its subsidiary Tangshan Iron & Steel Co., Ltd. (TIS, SZSE: 000709) to acquire the other siblings Handan Iron & Steel Co., Ltd. (SHSE: 600001) and Chengde Xinxin Vanadium & Titanium Co., Ltd. (SHSE: 6000357) via share swap. But 623 shareholders that hold ...