Se planea adquirir la participación en la subsidiaria controlada, Shougang Corporation suspende operaciones a partir del 27 de marzo

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Beijing Business News (Reporter Ma Huanhuan, Li Jiaxue) On the evening of March 26, Shougang Corporation (000959) announced that the company is planning to issue convertible bonds and pay cash to purchase assets and raise matching funds. The target assets for this transaction are the equity of Shougang Zhixin Electromagnetic Materials (Qian’an) Co., Ltd., a subsidiary controlled by the company. The company’s stock will be suspended from trading starting March 27.

The announcement shows that, based on preliminary research and calculations, this transaction is expected not to constitute a major asset reorganization, but may constitute a related party transaction.

Shougang Corporation stated that the company expects to disclose the transaction plan within no more than 10 trading days, specifically by April 11, in accordance with the requirements to disclose relevant information.

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