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Govt plans to sell 1.5 B. China Steel shares.
(From Taiwan Economic News)
Taipei, July 31, 2003 (CENS)--The Cabinet-operated Development Fund plans to release a total of 1.5 billion shares, or a 16.2% stake, of China Steel Corp. through a domestic after-hours auction as well as an issuance of global depositary receipts, officials said yesterday. The Fund will sell 570 million China Steel shares via an after-hours auction in the domestic market, which is scheduled for Aug. 5 to Aug. 7, with floor price for the sale varying from day to day, said the officials. …
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