16
Jul
10:50
Fangda may take control of Xining Special Steel
The listed arm of Xining Special Steel reported on 14 July to the Shanghai Stock Exchange it would transfer some shares to Jiangxi Fangda Group as part of a mixed ownership reform. The two companies have not yet signed any official cooperation agreement, but Fangda could become the controlling shareholder of Xining Special, Kallanish notes.
The privately-owned Jiangxi Fangda Group has completed due diligence on Xining Special Steel, but is st…
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Anonymous
Very good overview of the weekly steel market.
Anonymous