12
Oct
07:05
Baowu takes trusteeship of Sinosteel
China Baowu Group has continued to expand at an astonishing rate in 2020. Last weekend, the firm announced it has been given trusteeship of Sinosteel, which is also directly controlled by the State-owned Assets Supervision and Administration Commission of China, Kallanish notes.
The two listed subsidiaries of Sinosteel, Sinosteel International and Sinosteel Tianyuan, simultaneously issued announcements they had received Baowu's notice of future custody over Si…
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