Shougang Corporation: Planning to issue convertible bonds, pay cash to acquire assets, and raise supporting funds

2026-03-29 04:39:10

Shougang Group announced that the company is planning to issue convertible corporate bonds and pay cash to acquire assets and raise supporting funds. After preliminary research and calculations, it is expected that this transaction will not constitute a significant asset reorganization as defined by the “Administrative Measures for Major Asset Reorganization of Listed Companies,” but may constitute a related party transaction. Due to the uncertainty of this matter, the company’s stock will be suspended from trading starting from the opening of the market on March 27, 2026. The company expects to disclose the transaction plan within no more than 10 trading days.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes