28
May
03:02
Hanggang Group plans major asset restructuring
Hangzhou Iron & Steel (Hanggang) has announced a suspension of share trading pending a major asset restructuring on 25 May, Kallanish notes.
Hangang's dominant shareholder, the Hanggang Group, plans to purchase 100% of Zhejiang Metallurgical Materials Company and 99.5% of Zhejiang Hanggang International Trade Company. Both companies are owned by Zhejiang Hanggang Trade Group, which is affiliated to Hanggang Group. In addition, it als…
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Anonymous
Very good overview of the weekly steel market.
Anonymous