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Shougang Corporation: Planning to acquire equity assets of a controlling subsidiary, trading halted from the 27th
People’s Financial News March 26 - Shougang Co., Ltd. (000959) announced on March 26 that the company is planning to issue convertible corporate bonds and pay cash to acquire assets while raising matching funds. The assets involved in this transaction are the equity of the company’s wholly-owned subsidiary, Shougang Zhixin Electromagnetic Materials (Qian’an) Co., Ltd. The company’s stock will be suspended from trading starting from the market opening on March 27.