16
Oct
08:56
Heavily-indebted Chonggang's assets go under the hammer
Most assets of Chongqing Iron & Steel (Chonggang) including steelmaking equipment and land will be auctioned off over 10:00am on 16 October to 10:00am on 17 October, according to the People’s Court Litigation Assets Website (see table below).
The listed arm of Chonggang recently issued a notice on the Shanghai Stock Exchange that the Siyuanhe Fund established by Baowu Group plans to get involved in Chonggang’s restructuring, Kallanish notes.…
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Anonymous
Very good overview of the weekly steel market.
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