10
Oct
04:57
Liugang targets increased shareholding in Fangchenggang
Liuzhou Iron & Steel Listed Company (Liugang) has announced a plan to increase investment in Guangxi Iron & Steel Company, targeted at listing its Fangchenggang steel base, Kallanish notes.
Liugang's listed arm plans to buy into a non-public increase in capital of CNY 5.15 billion ($724.12 million) by Guangxi Iron & Steel. Following this move, Liugang will hold 27.78% of Guangxi Iron & Steel.
Guangxi Iron & Steel has ano…
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Anonymous
Very good overview of the weekly steel market.
Anonymous