09
Dec
02:13
Shougang transfers shares in subsidiary to Baowu
According to an announcement from Shougang Group on 6 December, the company plans to transfer 19.1823% of its subsidiary Shougang Jingtang to Beijing Jingtou Investment and Beijing Jingguorui. The latter two are state-owned enterprises, Kallanish notes.
The Shougang Group and Shougang's listed arm previously held 49% and 51% of Shougang Jingtang respectively, and Shougang-listed has supplied the shares in this transaction, giving up its …
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Very good overview of the weekly steel market.
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