Article: HEBEI STEEL ARMS OKED FOR SHARE SWAPS


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., ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!