28
Feb
12:01
Fangda may join Anyang Steel’s restructuring
China-listed Fangda Special Steel and Shanghai Huxu Investment Management Company have decided to jointly initiate the establishment of a private equity fund, Jiangxi Huxu Iron & Steel Industry Investment Partnership, for equity investment in the steel industry.
The size of the fund is initially expected to be CNY 10 billion ($1.59 billion), and Fangda Special will invest 40% of this. Currently, Fangda Special is waiting for other limited partners to join…
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Anonymous
Very good overview of the weekly steel market.
Anonymous