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Bao Steel to Issue 1,877 Million A shares
With approval from China Securities Regulatory Commission (CSRC), Bao Steel Co., Ltd. planned to offer 1.877 million common A shares publicly.
Bao Steel Co., Ltd. was solely established by Bao Steel Group on February 3, 2000 with a current total capital of 10,635 million shares. It will top the largest scaled listed company after issuance.
According to its prospectus published on October 30, Bao Steel Co., Ltd. would conduct a virtual roadshow prior to the formal listing to determine the issuing price range on basis of market demand and price willingness.
From November 16, Bao Steel Co., Ltd., together with its lead underwriter, China International Finance Co., Ltd. will start a serial of promotion, including three offline roadshow in Shanghai, Bejing and Shenzhen. And the issue price will be finally decided then. (Panorama)
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