01
Aug
10:11
Fangda terminates the acquisition of Xining Special Steel
The listed arm of Xining Special Steel (Xigang) reported to the Shanghai Stock Exchange on 29 July that Fangda Group has decided to terminate its participation in Xigang's reorganisation. This means that the mixed ownership reform plan Xigang had been pushing for the past half year has failed, Kallanish notes.
Xigang explained Fangda's withdrawal was due to the fact that the two companies did not reach a binding agreement on the cooperation, bu…
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Anonymous
Very good overview of the weekly steel market.
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