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03 Jan
06:47

Sichuan's Gangchen Stainless begins operations

Sichuan Gangchen Stainless Steel has officially started operation. The company is newly-established following the reorganisation of the bankrupt Xinan Stainless Steel, Kallanish notes. According to public information, the company was established on 29 November 2019, with registered capital of CNY 800 million ($115m). Fujian Xinsheng Investment Company and Chengdu Hengrui Xingyu Company respectively have a 74.36% and a 17.09% shareholding i…
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