07
Aug
11:26
Angang completes the acquisition of Lingyuan Steel
Liaoning Lingyuan Iron & Steel's listed firm has announced that Angang's equity transactions towards Lingyuan Steel were completed last week, and the company's industrial and commercial information has also been updated.
After the equity transfer, Angang Group will hold 49% of the shares of Lingyuan Steel, Kallanish notes.
Lingyuan Steel currently has five blast furnaces with iron capacity of 5.3m t/y, including two 450 cubic-metre …
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