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50% of Khuzestan Steel Company to divest in Near Future

10/09/2012 | 12:43 code : 6498 Daily News
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The 50.5% of the shares of Khuzestan Steel Company equivalent to 1,106,960,000 shares will be divested through the Stock Exchange in near future on the price of the OTC board price of the day of offering (equal to the closing price on the day before the offering date) plus 50% unless it wouldnt be less than 23,223 Rls.
50% of Khuzestan Steel Company to divest in Near Future

The 50.5% of the shares of Khuzestan Steel Company equivalent to 1,106,960,000 shares will be divested through the Stock Exchange in near future on the price of the OTC board price of the day of offering (equal to the closing price on the day before the offering date) plus 50% unless it wouldnt be less than 23,223 Rls.

It will be divested as 30% in cash and 3 years installment. The deadline to pay the cash payment is 30 working days.

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