17
Sep
07:29
Baowu takes direct control of Chonggang
Chongqing Iron & Steel (Chonggang) says China Baowu Group will directly obtain 23.51% of its shares through an equity transfer and become the direct actual controller of Chonggang. Prior to this, Baowu indirectly controlled these shares through Siyuanhe Fund, Kallanish notes.
According to a Chonggang public announcement, the Siyuanhe Fund will be dissolved and transfer 70% of the shares of Changshou Steel under its control to China Baowu and Sichuan Deshe…
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Anonymous
Very good overview of the weekly steel market.
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