26
Aug
10:53
Tsingshan confirms deal with Baowu
Tsingshan Group has confirmed that some of its production lines in Indonesia are to be sold to Chinese steel giant Baowu Group, Kallanish notes.
Late last Thursday, Xiang Guangda, chairman of the board of Tsingshan Holding Group, responded to Jiemian News, "We have more than 100 production lines in Indonesia, and this transaction with China Baowu is only a small scale."
This confirms previous rumours that Tsingshan will sell part of its Indone…
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