1. LINE

      Text:AAAPrint
      Economy

      Wuhan Iron & Steel leaves capital market

      1
      2017-02-15 12:56China Daily Editor: Feng Shuang ECNS App Download

      Wuhan Iron and Steel Co Ltd, one of the major listed State-owned steel companies in China, formally withdrew from the capital market on Tuesday.

      At present, Wuhan Iron and Steel and Baosteel have entered the stock swap stage, the key process in the restructuring of the two steel giants which started last year. One share of Wuhan Iron and Steel can be swapped for 0.56 share of Baosteel.

      The two stocks were suspended on Jan 24, with Baosteel's share price at 6.8 yuan ($1) and Wuhan Iron and Steel at 3.71 yuan.

      The total number of shares of the new Baosteel will increase to 22.1 billion, of which Baowu Iron and Steel Group holds 52.14 percent, while Wuhan Iron and Steel Group holds 13.49 percent, and the remaining 34.37 percent is owned by external shareholders.

      Wang Guoqing, director of the Lange Steel Information Center, said that the withdrawal of Wuhan Iron and Steel is good for investors because the quality of Baosteel's shares is much higher. Baosteel has a stronger capacity to operate the assets of Wuhan Iron and Steel.

      "The withdrawal comes within expectations since the plan for the reorganization is clear. Going by the current trend, the reorganization of SOEs will mainly take the form of cross-shareholdings in the future," said Wang.

      Zhou Minliang, a researcher at the Institute of Industrial Economics at the Chinese Academy of Social Sciences, said State-owned enterprises must take the initiative to improve quality and achieve efficiency, optimizing the allocation of resources.

      In 2016, the State-owned Assets Supervision and Administration Commission promoted the reorganization and integration of 10 State-owned enterprises, including Baosteel and Wuhan Iron and Steel Company. The number of enterprises supervised by SASAC has also been reduced to 102.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 18禁免费无码无遮挡不卡网站| 亚洲欧洲精品成人久久奇米网| 在线看片v免费观看视频777| 亚洲国产精品不卡在线电影| 亚洲精品无码少妇30P| GOGOGO高清免费看韩国| 一二三四免费观看在线电影| 夜夜春亚洲嫩草影院| 亚洲AV无码片一区二区三区 | 亚洲色无码一区二区三区| 色在线亚洲视频www| 一个人看的www免费视频在线观看 一个人免费视频观看在线www | 久久综合日韩亚洲精品色| 深夜A级毛片视频免费| 青青草免费在线视频| 亚洲综合无码一区二区| 一级做a爱过程免费视| 永久免费毛片手机版在线看| 中文字幕亚洲综合久久| 你是我的城池营垒免费看| 日本免费电影一区| 精品久久久久久亚洲精品| 日韩人妻一区二区三区免费| 亚洲AV无码成H人在线观看| 亚洲乱码中文字幕在线| 亚洲不卡AV影片在线播放| 国产精品视频全国免费观看| 免费观看亚洲人成网站| 亚洲精品9999久久久久无码| 18禁网站免费无遮挡无码中文 | 国产亚洲精品欧洲在线观看| 毛片大全免费观看| 四虎影视永久在线精品免费| 免费看国产成年无码AV片| 朝桐光亚洲专区在线中文字幕| 午夜一区二区免费视频| 成人无码视频97免费| 亚洲精品一品区二品区三品区| 国产视频精品免费视频| 亚洲国产精品久久久久秋霞影院| 精品无码国产污污污免费网站国产|