According to statistics collated by Bloomberg, several of the Shanghai-based company's dollar bonds increased by around 5 cents from record lows recorded on Friday and were headed for their greatest increases since June.
The nearly 60% share in Nanjing Iron & Steel United Co. will be acquired by Jiangsu Shagang Group Co. from Fosun.
According to the persons, who declined to be named since the conversation was personal.
According to the persons, the three parties signed an initial agreement last week.
They said that discussions are still ongoing and that the corporations might decide not to move through with a transaction.
Plans for a $2.1 billion asset sale by Fosun are causing bonds to surge.