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 (Reporters Ma Huanhuan, Li Jiaxue) On the evening of March 26, Shougang Co., Ltd. (000959) announced that the company is planning to issue convertible bonds and acquire assets for cash while raising supporting 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 indicates that after preliminary research and calculations, it is expected that this transaction will not constitute a major asset reorganization, but it may constitute a related party transaction.

Shougang Co., Ltd. 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 for disclosing relevant information.

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