China's WISCO to Acquire 19.9 percent Stake in Consolidated Thompson

摘要

Wuhan Iron Steel Corp (WISCO), one of Chinas larger steel makers, has agreed to invest 240 million dollars to acquire a 19.9 percent stake in Consolidated Thompson Iron Mines Ltd., a Canadian mining company, in a move to secure its iron ore supply, according to China Daily. Consolidated Thompson Iron Mines Ltd said recently that WISCO will make a total investment of 240 million dollars in Consolidated Thompson; in return, Consolidated Thompson will issue 29,748,897 common shares to the Chinese company.