30
Dec
04:35
Baowu signals intent for Chongqing Steel direct control
Chongqing Iron & Steel's listed company has now publicly stated that the Baowu Group intends to directly control Chongqing Steel rather than through the current owner, Siyuanhe Fund, Kallanish notes.
Chongqing Steel has received a notice from Siyuanhe Equity Investment Management on 27 December, stating that Siyuanhe Investment and China Baowu have signed a letter of intent to replace the actual controller. The term of the proposed transaction be…
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