17
Jul
10:15
Shagang controller to become Dongbei Special's main shareholder
Fushun Special Steel, a subsidiary of bankrupt Dongbei Special Steel Group, has announced to the Shanghai Stock Exchange that the group has submitted a reorganization proposal.
According to the proposal, Jincheng Shazhou Investment Company and Benxi Iron & Steel will respectively take 43% and 10% shares in Dongbei Special after the reorganization. The remaining shares will be given to creditors.
Pubic information shows Shagang Group chairman Shen Wenrong&…
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Anonymous
Very good overview of the weekly steel market.
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