19
Aug
09:25
Evergrande Auto denies acquisition rumours
Evergrande Auto, a Chinese automaker under the bankrupted real estate group Evergrande Group, recently denied the ongoing rumour that it will be merged or acquired.
On 18 August, Evergrande Auto's president Liu Yongzhuo said to National Business Daily: "There is no merger or acquisition. We have been actively introducing strategic investors and so far, local government parties and several powerful enterprises have expressed investment interest …
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Very good overview of the weekly steel market.
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