22
Jan
06:23
Liugang swaps shares with Zhongjin Metal
China’s Liuzhou Iron & Steel (Liugang) has announced it will settle a CNY 1.369 billion ($213.85 million) share swap with Zhongjin Metal Technology shareholder Wang Wenhui, according to the Shanghai Stock Exchange.
Liugang had only just announced it had given up on a deal to buy Zhongjin Metal, a stainless producer with 1.7 million tonnes/year of nickel pig iron capacity located near the border of Guangxi and Guangdong provinces.
Wang and his wife a…
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Anonymous
Very good overview of the weekly steel market.
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