21
Mar
07:56
Bengang Plates to split off steel assets, liabilities
China-listed Bengang Steel Plates Co. plans to replace all assets and liabilities related to the steel business with the mining assets of its parent Benxi Iron & Steel (Bengang), Kallanish notes.
The deal is still in the planning stage, requiring further justification, negotiation, and various approvals.
When there is a difference in the exchange of assets between the two parties, one party needs to make up for it in cash from the other party, the exchange f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous