08
Dec
03:42
Dongbei Special sells Fushun shares to Shagang
China-listed Fushun Special Steel says its controlling shareholder, Dongbei Special Steel Group, plans to sell part of its equity in Fushun Special to Shagang Group, to relieve financial pressure.
Dongbei Special will sell 251 million shares of Fushun Special at CNY 9.3 ($1.3) per share to Shagang, for a total of CNY 2.3 billion. Shagang will become the second-largest shareholder of Fushun Special, while Dongbei Special will remain the largest shareholder, Kallani…
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Anonymous
Very good overview of the weekly steel market.
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