17
Aug
07:48
Baowu acquires refractory material company
Ruitai Technology announced on the Shenzhen Stock Exchange it will suspend stock trading for ten trading days from 14 August to complete its reorganisation with China Baowu Group.
The underlying assets being restructured include Wuhan Iron & Steel Group Refractories Co., Ltd. (Wugang Refractories) and Ruitai Ma'anshan Steel New Material Technology Co., Ltd. (Ruitai Magang), Kallanish notes.
Wugang Refractories' business scope includes …
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