18
Apr
12:54
Tisco Stainless invests Xinhai Stainless subsidiary
Shenzhen-listed Taiyuan Iron & Steel (Tisco) Group's stainless steel company (Tisco Stainless) announced on Monday that it will become the controlling shareholder of Shandong Xinhai New Materials Company's 100% holding subsidiary, Shandong Xinhai Industry.
Through the capital increase of CNY 392.7 million ($62m), Tisco Stainless will acquire 51% of Xinhai Industry from its parent company, while Shandong Xinhai New Materials will control the remain…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous