17
Mar
10:49
Chonggang Group to sell Hong Kong subsidiary
Chongqing Iron & Steel Group Co (Chonggang Group) has listed 100% of Chonggang Hong Kong, its subsidiary, for sale on the Chongqing Assets & Equity Exchange at a price of CNY 42.9 million ($6.59m), Kallanish notes.
The listed Chongqing Iron & Steel (Chonggang) began procuring raw materials through another subsidiary in August 2020, making obsolete Chonggang Hong Kong’s main business of procuring iron ore for Chonggang.
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Anonymous
Very good overview of the weekly steel market.
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