On January 8, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) announced that its plan to issue 4.2 billion non-public shares has been approved by China Securities Regulatory Commission (CSRC), China's top securities regulator. Accordingly, the shares in questioned will be issued within six months of the approval.
Source:
http://www.steelorbis.com/steel-news/latest-news/wiscos-plan-to-issue-42-billion-non_public-shares-approved-by-csrc-805164.htm
