Hubei Xin Yegang Steel Co., Ltd. made an offer to acquire 40.90% stake in Nanjing Iron & Steel Co., Ltd. (SHSE:600282) for CNY 9.3 billion on December 8, 2023. The transaction is approved by shareholders of Hubei Xin Yegang Steel Co., Ltd. and Nanjing Iron & Steel Co., Ltd. The transaction is expected to close on January 11, 2024. Zhong Lun Law Firm acted as legal advisor to Nanjing Iron & Steel Co., Ltd. As of January 13, 2024, the number of shareholder accounts that have pre-accepted the offer is 421, and the total number of shares that have pre-accepted the offer is 225.49 million shares, accounting for 3.66% of the Nanjing Iron & Steel Co., Ltd. on January 11, 2024.
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5-day change | 1st Jan Change | ||
5.18 CNY | -1.89% | -4.78% | +40.00% |
04-22 | Nanjing Iron & Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
03-11 | Nanjing Iron & Steel's 2023 Profit Slips 1.7% | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+40.00% | 4.5B | |
+0.12% | 25.05B | |
+17.20% | 21.3B | |
-7.41% | 11.69B | |
+30.79% | 11.28B | |
+13.46% | 11.12B | |
+9.59% | 9.98B | |
+1.53% | 8.37B | |
+16.40% | 7.89B | |
+24.38% | 6.71B |
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- Hubei Xin Yegang Steel Co., Ltd. made an offer to acquire 40.90% stake in Nanjing Iron & Steel Co., Ltd. for CNY 9.3 billion.