11
Dec
02:36
Risun Group, Lingyuan Steel target coking joint venture
China’s Risun Group has reported to the Hong Kong Stock Exchange (HKSE) that the company's subsidiary Risun Chemical will establish a joint venture with China Lingyuan Iron & Steel for a coking project. This is to be located in northern China's Liaoning province, Kallanish notes.
The new JV company called Lingyuan Risun Linggang Energy has registered capital of CNY 1.667 billion ($237 million). Risun Chemical holds 70% …
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