20
Jun
11:17
Bengang Plates targets Bengang Mining for asset swap
China-listed Bengang Steel Plates is now targeting 100% equity of Benxi Iron and Steel (Group) Mining Co. as a replacement for all its assets and liabilities, except retained assets and liabilities, which means almost all of its main steel business, Kallanish learns.
The retained assets include convertible corporate bonds, substations and communication rooms related to mining operations, as well as some monetary funds.
The company initially announced the plan in …
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Anonymous
Very good overview of the weekly steel market.
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