17
Dec
03:33
Valin Steel signals subsidiary purchase plan
Hunan province’s Valin Steel has drawn up a detailed plan to purchase the assets of three subsidiaries within the group, Kallanish notes from a company announcement on 16 December.
The move is aimed at reducing the group's debt ratio (see Kallanish passim). It plans to issue shares to Valin Xianggang, Liangang and Valin Pipes and is also preparing to purchase related assets with cash. After the reorganisation, Xianggang and Liangang will become whol…
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Anonymous
Very good overview of the weekly steel market.
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