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21 Sep
14:59

S+B confirms name change to Swiss Steel

Schmolz+Bickenbach shareholders have approved the projected reduction of the company’s nominal share value and the change of name to Swiss Steel Holding. At an extraordinary meeting on Monday, shareholders approved the reduction of nominal value per share from CHF 0.30 ($0.33) to CHF 0.15. The measure will serve to reduce the company’s accrued losses, the firm says in a statement seen by Kallanish. The change of name from Schmolz+Bickenbach AG to…
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