12
Oct
09:17
Lingang to transfer all equity
Lingang Iron & Steel (Lingang) In Henan’s Linzhou City is going to be wholly-owned by Inner Mongolia Jinda Coal Coke Limited, following a transfer of control from the listed Linzhou Heavy Machinery Group, Kallanish notes.
Linzhou Heavy Machinery Group approved Lingang’s equity transfer proposal on 29 June, and 85.71% of equity has been transferred as of 9 October. Inner Mongolia Jinda has now obtained actual control of Lingang.
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Very good overview of the weekly steel market.
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