22
Feb
09:11
Tisco introduces state-owned shareholder
After being integrated into Baowu Group, Taiyuan Iron & Steel Group (Tisco) has introduced new state-owned capital and expanded its number of shareholders to three. The actual control of the company has not changed, Kallanish notes.
Shanxi State-owned Capital Operation Co., Ltd. has transferred 4.9% equity of Tisco to the Shanxi Provincial Department of Finance, and lowered its equity to 44.1%. Baowu holds the remaining 51% stake.
The direct superiors of the …
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Anonymous
Very good overview of the weekly steel market.
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