20
Jun
05:58
PetroChina transfers shares to Baosteel
China’s PetroChina has transferred 624 million shares to Baosteel for free, according to official reports. The step is part of measures to speed up the transformation of Chinese state-owned enterprises, Kallanish notes.
Baosteel will own a 0.34% stake in PetroChina worth CNY 4.5 billion. China National Petroleum Corporation now owns 86.01% of its total equity with 157.41 billion of shares. Last December PetroChina restructured its pipeline busine…
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Anonymous
Very good overview of the weekly steel market.
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