China Steel to Buy Its Shares (Folo) China Steel Maker Buys Control of Rival Beijing Maintains Pressure on Producers to Consolidate Industry BUSINESS ASIA By Bloomberg
Posted on: Wednesday, 21 December 2005, 12:00 CST
China Steel, the largest Taiwanese steel maker, plans to buy back 200 million of its own shares after a 21 percent fall in its share price in the past six months triggered by falling product prices.
The company said it might buy shares starting Wednesday through Feb. 20 at between 16.80 Taiwan dollars, or 51 U.S. cents, and 37.90 dollars each.
Source: International Herald Tribune
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