08
Apr
06:11
Shagang shareholders reduce shares in listed company
Major Chinese steelmaker Shagang has issued an announcement on its progress in reducing the stakes held by two shareholders following a warning letter issued by the Shenzhen Stock Exchange to its listed company. One of the shareholders, Liu Zhenguang, has completed the sale of 6.2988% of traded stock, while another shareholder Li Feiwen plans to reduce stock holdings by no more than 3%, Kallanish notes.
The Shagang Group has purchased 139 million&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous