06
Nov
02:47
Baowu to transfer Hanggang shares
China’s Hangzhou Iron & Steel (Hanggang) Listed Company has announced that Baowu has reached an agreement with Chengtong Jinkong and Guoxin Investment to transfer its shares in Hanggang for free. This comes after one and half years of planning, Kallanish notes.
After the transfer, Baowu's share in Hanggang will drop to 0.0012% from 20.18%. Chengtong Jinkong and Guoxin Investment will increase their shares to 15.19% and 4.99% respectively.…
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