09
Sep
01:00
Liugang withdraws from Fangchenggang project
Southern China’s Liuzhou Iron and Steel (Liugang) has announced it will withdraw entirely from Guangxi Iron and Steel, according to a statement to the Shanghai Stock Exchange. This will leave Wuhan Iron and Steel (Wugang) in full control of the company, Kallanish notes. The move means Guanxi Iron and Steel will no longer see any benefit from Wugang’s Fangchenggang steelworks project in Guangxi province.
Liugang, which is controlled by the State-o…
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