28
Nov
05:40
Shaogang asset sales seen staving off delisting
Southern China's Guangdong Shaoguan Iron & Steel Songshan Limited Company (Shaogang) has published its assessment reports of selling assets to two Baosteel subsidiaries, according to the Shenzhen Stock Exchange. Analysts believe the move could boost Shaogang's earnings by around CNY 200 million ($29.01m), which should help it avoid being delisted, Kallanish notes.
Announcements show Shaogang plans to sell its No.1 and No.2 thermal powe…
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Very good overview of the weekly steel market.
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