19
Oct
11:37
Baowu inks purchase agreement with Xinyu Steel
Jiangxi State-owned Capital Operation Holding Group and China Baowu Group signed a free transfer agreement for 51% of Xinyu Iron & Steel Group (Xingang) on 16 October.
After the transfer, China Baowu Group indirectly controls 44.81% of Xinyu Iron & Steel (Xinyu Steel) through Xingang Group, and has realized control of Xinyu Steel, Kallanish learns from the public announcement of Xinyu Steel's listed arm. The actual controller of Xinyu Steel w…
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Anonymous
Very good overview of the weekly steel market.
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