26
Mar
04:05
Fangda to expand its state-owned holdings
Liaoning Fangda Group (Fangda) invested in Lingyuan Iron & Steel (Linggang) in February of this year. Fangda is now aiming to take over Northern Heavy Industry Group (Beifang Zhonggong), Kallanish notes.
Fangda said this week it exepcts to purchase 29% of the shares of Zhongxing Business Group (Zhongxing) and the pair are conducting due diligence ahead of signing a share purchase agreement. This purchase has been set as a condition for Fangda …
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Anonymous
Very good overview of the weekly steel market.
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