Sangang Minguang wins bid of steel and iron indicator for RMB1.814 billion
2018-11-20 17:47:00 [Print]
Sangang Minguang announced on the morning of 19, November that the company participated the online auction of steel and iron capacity indicator (iron: 1.22 million tons; steel: 1.35 million tons) from Xinjiang company of Laiwu Iron & Steel, a subsidiary of Shandong Iron & Steel, and won the bid for RMB1.814 billion.
After the successful bidding, the company shall sign the "Asset Transaction Contract" with the transferor and pay the transferring cost and transaction fees according to the regulations. The transferor shall transfer the iron and steel indicator to Sangang Minguang in the relevant authorities in Xinjiang Autonomous Region. The company also shall fulfill related procedures for transferring the indicator in the relevant government authorities in the place where the indicator is transferred.
After the successful bidding, the company shall sign the "Asset Transaction Contract" with the transferor and pay the transferring cost and transaction fees according to the regulations. The transferor shall transfer the iron and steel indicator to Sangang Minguang in the relevant authorities in Xinjiang Autonomous Region. The company also shall fulfill related procedures for transferring the indicator in the relevant government authorities in the place where the indicator is transferred.
