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18 Apr
13:11

Suzhou Yangzijiang quits Russian coated steel subsidiary

Suzhou Yangzijiang New Materials Company (Suzhou YZJ) in east China's Jiangsu province reported to the Shenzhen Stock Exchange (SZSE) that it would publicly transfer a 51% controlling stake in its Russian subsidiary. The Russian steel subsidiary is registered in Kovrov city, with main business of production and sales of colour-coated steel, Kallanish notes. The reason for the transfer is that the Suzhou company believes that it has lost con…
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