Beijing Shougang to invest into project of electrical steel used in new energy auto
2018-10-19 17:23:32 [Print]
Beijing Shougang Co
. , Ltd . released on October 17 that it, together with Shougang Group, Shouxinjinyuan, Qian'an Fund, intends to invest in establishing a new company Beijing Shougang New Energy Auto Material Co . , Ltd . The new company will set up the wholly-owned subsidiary in Qian'an to conduct the project of electrical steel used in new energy auto . All shareholders plan to invest RMB950 million to found the new company with Beijing Shougang's investment of RMB450 million, accounting for 47 . 4% of all shares.