22
Jul
11:26
Puyang acquires Jinliu Energy for coking coal
Hebei Puyang Steel and Shanxi Lubao Group have jointly signed an equity transfer agreement with Shanxi Jinliu Energy Company. It has been 19 months since Jinliu issued an announcement that it was recruiting new investors, Kallanish notes.
According to the deal, the consortium has to pay more than CNY 10 billion ($1.48 billion) in cash for the transfer of 70% interest in Jinliu Energy.
In April 2020, Jinliu Energy took over all the equity and liabilities of 32 ba…
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Anonymous
Very good overview of the weekly steel market.
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