11
Nov
04:19
Shougang transfers 15% stake to Baowu
China’s Shougang Group signed a free share transfer agreement with the Baowu Group last week. The Shougang Group will transfer 15% of its shares to Baowu according to the agreement.
The share transfer will not change the actual control of the Shougang Group, Kallanish notes. Shougang holds 64.38% of its shares and remains the largest shareholder of the group. Baowu Group will become the second largest shareholder of Shougang Group,…
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Anonymous
Very good overview of the weekly steel market.
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