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05 Jul
07:57

Chonggang restructuring sees new player

China’s Chongqing Yufu Group has established a new company called Yukang Group which may be a participant in the reorganisation of Chongqing Iron & Steel, according to local media reports monitored by Kallanish. Yukang Group is state-owned with registered capital of CNY 5 billion ($750 million), and has investment from Chongqing Yufu Group, Chongqing Water Assets Company Group, Chongqing City Investment Group, Chongqing Real Estate Group and Chongqing …
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