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 | ||
5.04 CNY | +0.20% | -2.33% | +36.22% |
Apr. 22 | Nanjing Iron & Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Mar. 11 | Nanjing Iron & Steel's 2023 Profit Slips 1.7% | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+36.22% | 4.28B | |
+0.85% | 25.62B | |
+18.72% | 21.11B | |
+37.62% | 12.1B | |
-12.96% | 11.1B | |
+6.55% | 10.52B | |
-2.74% | 9.15B | |
+25.65% | 8.39B | |
-3.70% | 8.25B | |
+38.87% | 7.66B |
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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.