10
Jan
03:50
Bayi Steel reduces debt ratio by increasing capital
Xinjiang Bayi Iron & Steel's (Bagang) debt-to-equity swap agreement was signed in Beijing on 8 January. Through this capital increase, the asset-liability ratio of Bagang will fall by -26%, Kallanish notes.
According to Bagang's listed arm, which is controlled by Baowu Group, Baowu and Xinjiang Investment and Development Group signed an agreement with eight creditors. These eight creditors are all local branches of major Chinese b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous