09
Dec
09:15
Jigang obtains equity transfer approval
Shandong Jigang Group has obtained approval for the transfer of its 100% equity from the State-owned Assets Supervision and Administration Commission (SASAC) of Shandong province, Kallanish notes.
According to plans announced previously, Shangang Group, Jigang’s parent company, will transfer all equity of the latter to the SASAC of Jinan city (see Kallanish passim). This will result in a change of the actual controller of Jigang.
However, Shangang Grou…
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