10
Feb
07:12
Hanggang terminates major asset restructuring
Listed Chinese firm Hangzhou Iron & Steel (Hanggang) has terminated a major asset restructuring plan, including equity acquisition of several of Hanggang’s subsidiaries by issuing shares or paying cash.
Kallanish notes that the plan included the acquisition of an 85% shareholding in Zhejiang Hanggang International Trade Company, 85% of Zhejiang Metallurgical Materials Company and 100% of Zhejiang Dongling Trade Company. This was to be done by issuin…
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Anonymous
Very good overview of the weekly steel market.
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