04
Jul
07:33
Huaxi Special Steel lists 100% equity for sale
Hebei Huaxi Special Steel has put up a 100% stake for sale, Kallanish notes. The equity is currently controlled by state-owned Jiangsu New Huaxi Steel Group.
The transfer base price has been set at CNY 3 billion ($416 million) and the intended acquirer needs to pay a deposit of 10% of the base price before the expiration of the listing period. The remaining 20% and 70% are required to be paid within three days and one year respectively after the transact…
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Anonymous
Very good overview of the weekly steel market.
Anonymous