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 | ||
4.98 CNY | +1.01% |
|
0.00% | +34.59% |
22/04 | Nanjing Iron & Steel Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
11/03 | Nanjing Iron & Steel's 2023 Profit Slips 1.7% | MT |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+34.59% | 4.19B | |
+5.63% | 27.24B | |
+11.13% | 19.64B | |
+42.23% | 13.09B | |
-13.70% | 11.02B | |
+38.74% | 9.72B | |
-0.64% | 9.7B | |
-5.48% | 8.63B | |
+41.92% | 7.9B | |
-13.89% | 7.24B |
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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.