22
Oct
05:31
Baotou Steel shifts assets, debts to subsidiary
Baotou Steel's listed company announced last Thursday that it will transfer CNY 42.767 billion ($6 billion) of combined debt and assets to Baotou Metal Manufacturing Company. This will reduce the debt ratio and financial costs of the listed company. Before the release of its third-quarter report, Baotou Steel's listed company is expected to boost its results by transferring debt to other group companies, Kallanish notes.
The announcem…
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Anonymous
Very good overview of the weekly steel market.
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