19
Dec
05:46
Shangang plans IPO for ductile pipe subsidiary
Shandong Iron & Steel (Shangang) plans to list its ductile iron pipe subsidiary on the stock market as part of the group's mixed ownership reform, Kallanish notes. The initial public offering plan should be released by the end of 2019.
Shangang subsidiary Shandong Guoming Ductile Iron Pipes Technology is located in Shandong Province's Linyi city. It has 900,000 tonnes/year of iron capacity, and can produce 600,000 t/y of centrifugal ductile i…
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