14
Jul
05:58
Yongjin expands cold rolling with Jingjiang Tsingtuo acquisition
China-listed Zhejiang Yongjin Metal Technology has signed an equity transfer agreement with Tsingtuo Group through its subsidiary Jiangsu Yongjin, according to Yongjin’s stock exchange release.
According to the agreement, 70% equity of Tsingtuo’s subsidiary Jingjiang Tsingtuo will be transferred to Jiangsu Yongjin, Kallanish notes. Yongjin has to pay CNY 7 million ($1.04m) in two installments in cash.
Yongjin plans to carry out project investment and …
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Very good overview of the weekly steel market.
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