ArabFinance: Egyptian Iron and Steel Company’s (IRON) (EISC) share will not be traded starting the May 25th trading session, according to the company’s statement filed to the Egyptian Exchange.
The trading on the share will be resumed after the EGX’s listing committee approval EISC’s capital decrease and listing the demerging company that specialized in mines and quarries, ESIC said.
EISC posted revenues of EGP 816.24 million in July-April 2021.
The Metallurgical Industries Holding (MIH) will appoint a liquidator next week in order to wind up the Egyptian Iron and Steel company (EISC).
ESIC, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
