14
Feb
07:20
Bengang increases holding in subsidiary
A Benxi Iron & Steel (Bengang) announcement on 13 February, reveals that it is preparing to increase its holding in its subsidiary, Bengang Steel Plates, Kallanish notes.
Bengang has decided to start increasing its shareholding as from 14 February and it will continue to buy small amounts for six months. During this period, it will invest around CNY 50-100 million ($7.16-14.32m) in Bengang Plates. It intends to stabilise share prices amid t…
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Anonymous
Very good overview of the weekly steel market.
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