CITIC Pacific Special Steel: Subsidiary wins bid for 60% equity of Shanghai Electric Group Steel Pipe
2023-01-06 16:57:19
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CITIC Pacific Special Steel announced on January 5 that recently, Xingcheng Special Steel, a subsidiary of the company, received the notice from Shanghai United Assets and Equity Exchange, and Xingcheng Special Steel became the transferee of 60% equity of Shanghai Electric Group Steel Pipe Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright and successfully won the bid for the asset, with a transaction price of RMB1.Asian Metal CopyrightCITIC Pacific Special Steel announced on January 5 that recently, Xingcheng Special Steel, a subsidiary of the company, received the notice from Shanghai United Assets and Equity Exchange, and Xingcheng Special Steel became the transferee of 60% equity of Shanghai Electric Group Steel Pipe Co.Asian Metal Copyright908 billion (USD277 million).Asian Metal CopyrightCITIC Pacific Special Steel announced on January 5 that recently, Xingcheng Special Steel, a subsidiary of the company, received the notice from Shanghai United Assets and Equity Exchange, and Xingcheng Special Steel became the transferee of 60% equity of Shanghai Electric Group Steel Pipe Co.Asian Metal Copyright After the acquisition of 60% equity of Shanghai Electric Group Steel Pipe, Shanghai Electric Group Steel Pipe will become a wholly-owned subsidiary of the company, and Tianjin Pipe Corporation will become a holding subsidiary of the company, which will help the company further consolidate and develop the seamless steel pipe market.
.Asian Metal CopyrightCITIC Pacific Special Steel announced on January 5 that recently, Xingcheng Special Steel, a subsidiary of the company, received the notice from Shanghai United Assets and Equity Exchange, and Xingcheng Special Steel became the transferee of 60% equity of Shanghai Electric Group Steel Pipe CoAsian Metal Copyright
