03
Dec
07:26
Valin targets investors for its subsidiaries
Valin Steel's listed company reported to the Shenzhen Stock Exchange (SZSE) that it will increase registered capital at its subsidiaries through a non-public issuance of shares to market investors. It also plans to purchase a 100% stake in Valin Energy, a subsidiary of Valin Group, Kallanish notes.
According to the preliminary arrangement, the company plans to introduce new investors for three subsidiaries: Valin Xianggang, Valin LY Steel and …
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Very good overview of the weekly steel market.
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