Monday , November 29 2021

Shougang Baojia Holdings Participation Structure – Xinbao Website


Shougang Baojia (00103) announced that the controlling shareholder proposed restructuring and Shougang Hong Kong decided to make the whole Union Fair Shougang International (00697) as part of the Shougang Group's internal restructuring.

Currently, Shougang Hong Kong holds 33,69% of Shougang International's shares, while Shougang International and Fair Union have a total of 35.71% of # 39; the companies.

At the completion of the proposed restructuring, Shougang International will not hold Fair Union parties, and Fair Union will become a total subsidiary of Shougang Hong Kong, while Shougang Hong Kong's investment funds will remain at 47.15%.

Shougang Hong Kong was approved to give a full offer.

Source link