02
Jun
08:34
Fangda terminates Angang acquisition on cash shortage
Jiangxi Fangda Steel Group has called off its acquisition of Henan Anyang Iron & Steel due to a cash flow shortage.
Anyang Steel's listed firm announced on 2 June that the two companies failed to agree on the terms of mixed ownership reform of Anyang Steel, Kallanish notes. The actual controller of Anyang Steel is therefore still the State-owned Assets Supervision and Administration Commission of Henan Province, and it is up t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous