17
Jul
09:17
Minsheng Bank provides credit line to Fangda Group
Fangda Group and Minsheng Bank signed on 13 July a comprehensive strategic cooperation agreement at the Minsheng Bank head office in Beijing. Minsheng Bank will provide a CNY 30 billion ($4.49 billion) credit line to Fangda Group, which is expected to take a significant stake in Xining Special Steel, Kallanish notes.
Minsheng Bank reported the credit line is to be used for consolidating debt, mergers and acquisitions, investment banking, debt issu…
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Anonymous
Very good overview of the weekly steel market.
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