21
Aug
07:19
Tanggang signs relocation agreement with Tangshan government
Hebei Iron & Steel (HBIS) has signed a relocation agreement for subsidiary Tangshan Iron & Steel (Tanggang) with the Tangshan municipal government. This covers the shutdown and compensation, Kallanish notes.
As of 31 March, the book value of fixed assets involved in the shutdown of Tanggang was CNY 38.5 billion ($5.58 billion). The land of Tanggang’s original site will be transformed from industrial to commercial and residential land. …
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