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23 Mar
02:33

Chongqing SASAC to transfer ownership of Chongqing Steel

Ownership of southwest China's Chongqing Iron & Steel is to be transferred by the Chongqing State-owned Assets Supervision and Administration Commission (SASAC), Kallanish notes. The new owner has not been officially confirmed but is widely believed to be the Baowu group. The transaction will take place on the Chongqing Assets and Equity Exchange. Chongqing SASAC will transfer 100% equity of Chongqing Iron & Steel with a reserve price of…
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