18
Oct
12:01
Ouyeel Lianjin completes first mixed ownership reform
Ouyeel Lianjin Recycling Resources Company, a Baowu subsidiary focusing on the steel scrap business, has completed its mixed ownership reform, and raised CNY 1.54 billion ($239 million) through issuing shares, Kallanish notes.
The financing has introduced six companies from outside Baowu Group into the ranks of Ouyeel Lianjin’s shareholders. Total stakes in the firm held by Baowu and its three subsidiaries decreased from 100% to 76.31%.
The company pla…
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Anonymous
Very good overview of the weekly steel market.
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