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 | ||
5.13 CNY | +0.98% |
|
+1.99% | +38.65% |
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 |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+38.65% | 4.31B | |
+8.38% | 27.51B | |
+18.04% | 20.87B | |
+40.42% | 12.89B | |
-12.78% | 11.04B | |
-3.49% | 9.34B | |
+35.03% | 9.31B | |
-2.74% | 8.81B | |
+44.69% | 8.22B | |
-11.84% | 7.46B |
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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.