31
May
08:34
Xiaomi Auto denies Evergrande acquisition rumours
Xiaomi Auto has denied rumours it would be readying to purchase a 58.5% stake in financially troubled Evergrande Auto, Kallanish reports.
Chinese speculation suggested that Xiaomi Auto was eying Evergrande’s factory in Tianjin to help boost its production capacity. With the statement rejecting such claims, the announced Evergrande share buyers remain unnamed.
Evergrande Auto said in a statement it entered a non-binding term sheet for the potential sale of…
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Anonymous
Very good overview of the weekly steel market.
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