16
Mar
13:15
Fangda Special sets steel fund for M&A
Chinese listed Fangda Special Steel announced on the Shanghai Stock Exchange that the company has approved the establishment of an investment fund for the steel industry, Kallanish notes.
It will jointly initiate the establishment of a CNY 10 billion steel fund with related party Shanghai Huxu Investment and Management Company, and contribute CNY 4 billion to the steel fund. Shanghai Huxu will act as the manager of the steel fund, which will be called Ji…
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Anonymous
Very good overview of the weekly steel market.
Anonymous