25
May
09:35
Anyang Steel adjusts equity structure
China-listed Anyang Iron & Steel Co., Ltd. has recently announced an equity transfer plan, which is believed by Kallanish to be a preparation for the development of Henan Iron & Steel Group (HISG).
According to the plan, Henan State-owned Capital Operation Group Investment Co., Ltd. (HSCOGI) will transfer 20% equity of Anyang Steel to Anyang Steel Group for free. As a result, Anyang Steel Group, which is affiliated to HSCOGI, will directly hold 66.78% of A…
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Anonymous
Very good overview of the weekly steel market.
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