28
Feb
08:04
Yongfeng Group purchases Weifang Special Steel
Chinese steelmaker Yongfeng Group has purchased a 52% stake in Weifang Special Steel in Shandong Province, Kallanish learns.
According to the announced registered capital, Yongfeng Group spent approximately CNY 101.66 million ($14.12m).
The shareholding ratio of the original sole shareholder, Weifang Aohua New Energy Technology, was reduced to 48%. The original chairman Yu Guangfu was moved to director and general manager.
Dong Heyu was appointed as the new…
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Anonymous
Very good overview of the weekly steel market.
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