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Wuhan Steel plans to conduct rights issueIt is reported that...

  1. anthonychea
    1,271 Posts.
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    24/03/11
    21:50
    Post #: 8162055
    Wuhan Steel plans to conduct rights issue


    It is reported that Wuhan Iron and Steel plans to conduct a rights issue of three shares for every 10 shares held at CNY 3.7 a share in order to raise up to CNY 8.7 billion.

    As per report, a total of 2.35 billion rights shares will be offered.

    Subscription will take place during the March 28 to April 6 periods. During this period, trading in the company shares will be suspended.

    http://www.steelguru.com/chinese_news/Wuhan_Steel_plans_to_conduct_rights_issue/197071.html
    SDL Price at posting: 45.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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