Edition:
India

CITIC Updates On Proposed Restructuring Of Daye Special Steel


Monday, 24 Dec 2018 

Dec 24 (Reuters) - Citic Ltd <0267.HK>::DAYE SPECIAL STEEL INTENDS TO ACQUIRE CONTROLLING INTEREST IN XINGCHENG SPECIAL STEEL.AS AT DATE OF ANNOUNCEMENT, NO DEFINITIVE AGREEMENT HAS BEEN ENTERED INTO AMONG PARTIES.EXPECTS CURRENT SHAREHOLDERS OF XINGCHENG SPECIAL STEEL, may GET NEW SHARES TO BE ISSUED BY DAYE SPECIAL STEEL AS CONSIDERATION FOR RESTRUCTURING. 

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