September 08, 2008

CSC subsidiary buys 7.68 million parent shares

Taiwanese steel major China Steel Corp said its subsidiary Winning Investment Corp purchased 7.68 million common shares in the parent company at an average price of TWD 39.76 per share or a total of TWD 305.23 million between March 20th 2007 and November 27th 2007.

According to a company filing with the Taiwan Stock Exchange following the acquisition, Winning now owns 87.41 million shares representing a 0.76% stake in China Steel.