16
Aug
09:28
Valin completes listing of subsidiaries
The lised arm of Hunan Valin Steel has announced that its acquisition of three subsidiaries of its parent company Valin Group has been approved by the China Securities Regulatory Commission, Kallanish notes.
The total value of the assets is CNY 10.466 billion ($1.5 billion). After completion of the transaction, Valin Steel will hold 100% shares in Valin Xianggang, Valin LY Steel, Hengyang Steel and Valin Energy.
Valin said the acquisi…
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Anonymous
Very good overview of the weekly steel market.
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