(Bloomberg) -- China Oriental Group Co.'s second-
biggest shareholder offered to buy all the shares in the Chinese
steelmaker she doesn't own because she is ``dissatisfied'' with
the management's performance.
Chen Ningning, who owns 28 percent of China Oriental,
offered HK$3 of cash and bonds for every China Oriental share,
the company said in a statement to the Hong Kong stock exchange.
The bid values the company at HK$8.7 billion ($1.1 billion).
Chen is a director of China Oriental.
Read more at Bloomberg Bonds News
biggest shareholder offered to buy all the shares in the Chinese
steelmaker she doesn't own because she is ``dissatisfied'' with
the management's performance.
Chen Ningning, who owns 28 percent of China Oriental,
offered HK$3 of cash and bonds for every China Oriental share,
the company said in a statement to the Hong Kong stock exchange.
The bid values the company at HK$8.7 billion ($1.1 billion).
Chen is a director of China Oriental.
Read more at Bloomberg Bonds News
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