16
Jan
06:48
Hanggang purchases 49% of Eastern Special Steel
China’s Hangzhou Iron & Steel (Hanggang) has acquired 49% equity of Eastern Special Steel, also known as Dongfang, while Zhenshi Group remains as the latter’s ultimate controller, Kallanish notes.
As a result, the registered capital of Eastern Special Steel has been raised from CNY 1.5 billion ($210 million) to over CNY 2.94 billion.
Hanggang is a listed carbon steel manufacturer owned by the State-owned Assets Supervision and Administration Commi…
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