21
Mar
10:31
Shagang shareholder buys into Fangda Special
Fangda Special Steel announced on 20 March that its controller Fang Wei is transferring 7.97% of total shares of the listed arm to investor Li Feiwen.
It worth noting that Li is also the second biggest shareholder of Shagang’s listed company, after having purchased 7.17% of Shagang’s shares in 2015. Li is still holding those shares, Kallanish notes.
According to public information, Li is paying Fang at a rate 7.65% higher than the curren…
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Anonymous
Very good overview of the weekly steel market.
Anonymous