04
Dec
10:01
Shougang to acquire 100% of Shougang Jingtang
Shougang says it plans to issue shares to purchase 19.1823% of Shougang Jingtang’s equity held by Beijing Metro Land and Beijing Jingguorui Equity Investment, Kallanish notes.
Beijing Metro Land and Jingguorui now hold 11.51% and 7.67% of Shougang Jingtang respectively. Shougang will issue stock worth CNY 5.57 billion ($852.7 million) for this acquisition. The two companies, both controlled by the Beijing State-owned Assets Supervision an…
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