09
Jan
10:08
Fosun to sell stakes in four industrial companies
Shanghai-based Fosun Group has decided to sell all of its stakes in four industrial companies to Beijing Jianlong Heavy Industry Group, which is also the current controller of the four companies, Kallanish notes.
The portfolio includes 25.7% stakes in Tianjing Jianlong Iron & Steel, and 26.7% stakes each in Jianlong Steel Holdings, Beijing Northern Jianlong Industrial, and Janeboat Holdings. The intended amount is CNY 6.7 billion ($988 million).
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Anonymous
Very good overview of the weekly steel market.
Anonymous