20
Oct
03:57
Sangang Minguang to purchase San'an Iron & Steel
Southwestern China’s Sangang Minguang has recently announced on the Shenzhen Stock Exchange that it will purchase all outstanding shares in Fujian San’an Iron & Steel. The privately-owned Sangang was already a shareholder of San’an, Kallanish notes.
San’an’s previous controller was the Fujian provincial State-owned Assets Supervision Commission. After the deal San’an will be a wholly-owned subsidiary under Sangang Minguang…
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Very good overview of the weekly steel market.
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