25
Aug
09:39
Liugang to take control of Guangxi Steel
Guangxi Liuzhou Iron & Steel (Liugang) says it will invest CNY 6 billion ($868 million) into increasing the capital of Guangxi Iron & Steel (Guangxi Steel) and acquiring control of it. Liugang is a listed company controlled by Liugang Group.
After the capital increase is completed, Liugang, Liugang Group and Baowu’s Wuhan Iron & Steel (Wugang) will respectively hold 45.83%, 45.58% and 8.59% of Guangxi Steel’s registered capital. For the reo…
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Anonymous
Very good overview of the weekly steel market.
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