05
Jun
05:11
Hanggang Group updates asset restructuring plan
The listed arm of Hangzhou Iron & Steel (Hanggang) announced a formal asset restructuring plan on 5 June. It plans to purchase shares of multiple companies by issuing shares and paying cash, Kallanish notes.
Hanggang said that through this restructuring, the company will add to the business scope of metal products and raw materials trading. This is expected to enhance the competitiveness of the listed company and transform Hanggang into a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous