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Yalian Steel's Chairman Xin Duo Yu Offered to Buy All of Its Outstanding Common Shares

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Add date: 2016-11-30 Hits:90

Core prompt: Yalian Steel said that its chairman Xin Duo Yu has offered to buy all of the company’s outstanding common shares that he does not already own, this according

Yalian Steel said that its chairman Xin Duo Yu has offered to buy all of the company’s outstanding common shares that he does not already own, this according to a company news release.

Yu currently holds 14.74% of the issued and outstanding common shares in the capital of Yalian and is offering 40 cents a share for the remaining stock.

Yalian Steel is focused on the production of Longitudinally Submerged Arc Welded steel pipe to service Asia's energy transportation infrastructure market.

keywords: Yalian Steel, common shares, steel market, company news

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