20
Sep
09:38
Daming targets total control of Hangzhou Daming
Hong Kong-listed Daming International Holdings has paid a deposit for the tender of 5% stake in Hangzhou Daming Wanzhou Metal Technology Co., Ltd., Kallanish notes.
Currently, Daming controls 95% of Hangzhou Daming through two subsidiaries in China. The 5% stake in the public tender is controlled by Baowu subsidiary Shanghai Baosteel Stainless Steel.
Based on the current shareholding structure, Daming has the right of first refusal. The minimum price of…
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Anonymous
Very good overview of the weekly steel market.
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