27
Sep
02:49
Yongjin purchases Shenzhen Minle Pipe
China-listed Yongjin Metal Technology has acquired varying amounts of equity from all three shareholders of Shenzhen Minle Pipe, finally securing a total 51% stake to achieve a controlling interest in the latter, Kallanish notes.
Yongjin expects to better manage and expand its stainless steel pipe business through the merger. The two companies signed an acquisition intention agreement in July last year, and finally completed the transaction after 14 months of nego…
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Anonymous
Very good overview of the weekly steel market.
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