Baosteel WISCO shares resume trading after the stock speculators soon steel enterprises concern – ma footman

Baosteel WISCO shares resume trading after the stock speculators soon steel enterprises marriage concern Beijing – China News Agency, Shanghai, October 9 (Zheng Yingying) on the 9 day since Baosteel news, Baosteel, Wuhan Iron and Steel shares will be on the first trading day after the national day, October 10th resumption. At the end of June this year, Baosteel and Wuhan Iron and Steel shares both announced the suspension. With its respective controlling shareholder Baosteel Group and Wuhan Iron and Steel Group, the official implementation of the reorganization, the resumption of the stock price after much outside attention. In the China two leading steel central enterprises this marriage, it’s listed companies of Baosteel and WISCO, Wuhan Steel shares merger by way of Baosteel convertible, the implementation of the joint reorganization. According to previous Baosteel, Wuhan Iron and Steel shares issued "merger" report, Baosteel, Wuhan Iron and Steel shares to all shareholders of the convertible shares issued A shares, convertible merger of wisco. WISCO and Baosteel the exchange ratio of 1:0.56, that for every 1 shares of WISCO shares of stock for 0.56 shares of Baosteel shares. The industry generally on the two steel enterprises spillover effect expressed expectations. It is understood that Baosteel and Wuhan Iron and Steel shares after the merger of listed companies, intends to use about 3 years to promote the integration of major business segments and regional market integration. At present, the production of Baosteel mainly concentrated in Shanghai, Meishan, Nanjing and Zhanjiang Dongshan three production bases, Wuhan Iron and steel production mainly concentrated in the Castle Peak in. Baosteel and Wuhan Iron and Steel shares after the merger of listed companies will be a comprehensive plan for the layout of the four major iron and steel production base, radiation twenty-first Century Maritime Silk Road Economic zone. According to the enterprise disclosure of the data, the first half of the year, Baosteel net profit of 3 billion 620 million yuan (RMB, same below), at the same time, Wuhan Steel shares first half net profit of 273 million yuan, 7 billion 500 million yuan more than last year the scale of losses realized substantial losses. (end)相关的主题文章: