28
Mar
10:54
Jiangxi Fangda bids for Anyang Steel equity
China-listed Fangda Special has given up its bid for an 80% stake in Henan-based Anyang Steel Group, but its parent company Jiangxi Fangda Iron & Steel Group has replaced it, Kallanish learns from an exchange filing of Fangda Special.
Fangda Special established a CNY 10 billion ($1.57 billion) steel fund with its partners in March, which is targeting equity investments in the steel industry. However, the board of the company on 24 March gave up the purchase of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous