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Article: HEBEI STEEL ARMS OKED FOR SHARE SWAPS
- Article from:
- AsiaInfo Services
- Article date:
- September 22, 2009
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AsiaInfo Services
09-22-2009
Hebei Steel Arms OKed for Share Swaps
SHIJIAZHUANG, Sep 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- Three listed arms of the Chinese newly-formed iron and steel conglomerate Hebei Iron and Steel Group (Hebei Steel) yesterday gained the approval from the China Securities Regulatory Commission (CSRC) for their share swaps.
Today, all of them resume trading on the Chinese yuan-denominated A-share market.
After the share swap is completed, a new company will be formed on the basis of Tangshan Iron & Steel Co., Ltd. (SZSE: 000709), which absorbs all the assets, liabilities, interest, operations, and employees of its siblings, Handan Iron & Steel Co., ...