09
Apr
08:06
Beihai Chengde to auction off wholly-owned subsidiary
China's Beihai Chengde Nickel Industry has announced a plan to auction off its wholly-owned subsidiary, Chengde New Materials Company in Foshan City Guangdong Province, Kallanish notes.
The listing price is CNY 538 million ($80.07m), with assurance of CNY 270m. The target assets are reportedly worth a combined CNY 910m, but come with debt of around CNY 460m leaving a net asset value of CNY 450m. By the end of February this year, the unit's…
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Anonymous
Very good overview of the weekly steel market.
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