On July 10, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) announced that it has increased the stake it holds in its listed subsidiary Wuhan Iron and Steel Co. Ltd. From November 29, 2012 to July 10, 2013, WISCO acquired an additional 202 million shares in its listed subsidiary, and so it currently holds 6.795 billion shares in the company, equivalent to a 67.32 percent stake.
In addition, WISCO stated that in the coming 12 months it will continue to increase its stake in Wuhan Iron and Steel Co. Ltd.
Source:
http://www.steelorbis.com/steel-news/latest-news/wuhan-iron-and-steel-group-increases-stake-in-its-listed-subsidiary-770305.htm
