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17 Nov
09:28

Shangang takes full Laiwu Steel control

The listed company of Laiwu Iron & Steel Group publicly announced this week that it has become a wholly-owned subsidiary of Shandong Iron & Steel Group (Shangang). Market participants believe this will further promote Baowu Group's integration of Shangang Group, Kallanish notes. The document reveals that Shangang Group has obtained the remaining 19.48% stake in Laiwu Steel from Fujian Xingyin Equity Investment Management Company. In the …
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