26
Aug
08:49
Nangang to participate in Jiangsu Shente’s reorganisation
Nanjing Nangang Iron & Steel United (Nangang) intends to participate in the reorganisation of five companies including Jiangsu Shente Steel, it says in a note seen by Kallanish.
The recruiter intends to adopt two rounds of selection to recruit investors, and it is currently in the first round. This motion has been reviewed and approved by the board of directors of Nangang, and the company will pay a selection deposit of CNY 200 million ($28.99m).
The five com…
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Anonymous
Very good overview of the weekly steel market.
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