10
Jul
05:10
Shen could become Dongbei Special’s biggest shareholder
Shagang Group’s listed company has announced to the Shenzhen Stock Exchange that its actual controller and current board chairman, Shen Wenrong, will invest in the bankrupt Dongbei Special Steel. This will be done through another of his companies, Jincheng Shazhou Investment Company.
Shagang estimates Jincheng Shazhou could become the biggest single shareholder after the restructuring of Dongbei Special Steel is complete. However, the bankruptcy reorganisa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous