25
Sep
07:04
Shougang's listed company buys out Jingtang subsidiary shareholders
Northern China's Shougang Group has resumed trading on the Shenzhen Stock Exchange after it announced its planned acquisition of shares in the Hebei Jingtang production base, Kallanish notes.
According to public documents, the transaction is for an additional 19.1823% equity of Jingtang company, and the estimated transaction price is about CNY 5.57 billion ($817 million). Beijing Investment Holdings will sell 11.5094% and Jingguorui 7.6729%. Aft…
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Anonymous
Very good overview of the weekly steel market.
Anonymous