02
Dec
10:42
Shougang aims for full control of Jingtang plant
Beijing Shougang, the listed arm of Shougang Group, plans to acquire 49% equity of Shougang Steel Trading Investment Management Co (SSTIM), and raise CNY 2.5 billion ($392 million) by issuing new shares, Kallanish notes.
The new shares of Shougang will be issued and handed over to Shougang Group for the transaction of 49% equity of SSTIM, marking Shougang’s complete control over the acquired entity. The transaction price is set at around CNY 5.86 billion.
S…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous