Shandong Iron and Steel to Dispose of Stake in Subsidiary for 181 Million Yuan

MT Newswires Live04-01

Shandong Iron and Steel (SHA:600022) agreed to sell 32.9% of Shandong Xinxin Software to Shandong Iron & Steel Group for 180.6 million yuan, according to a Shanghai bourse filing on Wednesday.

The Chinese steel company's holdings in the software company will decline to 37.1% from 69.9% following the completion of the transaction.

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