25
May
08:49
Midea to invest in Shenzhen Clou Electronics
Midea Group has been actively seeking investment opportunities to expand its new energy business. A recent case is its intent to control a company in financial crisis, Shenzhen Clou Electronics.
On late 23 May, Shenzhen Clou Electronics released a proposal on the non-public issuance of its A-share stocks to the Shenzhen-listed manufacturing enterprise Midea Group. The funds to be raised will be no more than CNY 1.386 billion ($207.75 million).…
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Anonymous
Very good overview of the weekly steel market.
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