07
Apr
03:03
Linzhou Heavy Machinery to sell steel subsidiary
According to a recent announcement from Linzhou Heavy Machine Group in Henan province, the company has decided to put up for sale 100% of its subsidiary, Linzhou Lingang Iron & Steel, Kallanish notes.
The parent company says that the transfer is still in the planning phase, and it has not yet worked out a detailed transaction plan. Its latest financial report during first nine months in 2019 showed that with equity worth CNY 638 million ($89.98m), the sub…
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Anonymous
Very good overview of the weekly steel market.
Anonymous