02
Jun
07:50
Chonggang suspends share trading ahead of reorganisation
China’s state-owned Chongqing Iron and Steel Company (Chonggang) suspended trading of its shares on the Shanghai Stock Exchange on 2 June. It says that the Chongqing state-owned assets supervision and administration commission is studying the reorganisation of the steelmaker, Kallanish notes.
The specific restructuring plan has not been published but Chonggang may receive a capital injection from other stronger state-owned assets. Chonggang is also plannin…
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Anonymous
Very good overview of the weekly steel market.
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