12
Jul
09:49
Shandong stainless steel companies completes mixed ownership reform
Shandong provincial state-owned enterprise Shuifa Shangshan Group and the privately-owned Shandong Huaye Group have completed their mixed ownership reform last week to promote the stainless steel water pipe business.
According to the signed agreement, Shuifa Shangshan Group will own 51% of the equity in the new joint venture, while Huaye will hold 49% of the equity. This also means that the Shuifa SOE still has control over the joint venture company, Kallanish not…
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Anonymous
Very good overview of the weekly steel market.
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