08
Oct
06:12
Sinosteel to sell Liugang Zhongjin Stainless stake
According to the Tianjin Property Rights Exchange Center, Sinosteel Shenzhen Company plans to transfer its 4.71% stake in Guangxi Liugang Zhongjin Stainless Steel at a price of CNY 75.8 million ($11m). So far, this news has not been confirmed by the two shareholders, Liugang Group and Sino Steel, Kallanish notes.
Liugang Zhongjin Stainless Steel was established in 2013 with a registered capital of CNY 276m. Its business scope covers the production…
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Anonymous
Very good overview of the weekly steel market.
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