Liuzhou Iron and Steel to invest RMB5.157 billion in Guangxi Iron and Steel
2019-10-09 15:46:53 [Print]
Liuzhou Iron and Steel announced on late October 8 that the company plans to increase an investment of RMB5.157 billion (USD722 million) to Guangxi Iron and Steel in a non-public manner. After the capital increase, the company will hold 27.78% interest of Guangxi Iron and Steel.
Guangxi Iron and Steel is a subsidiary of Liuzhou Steel Group and the latter is a controlling shareholder of Liuzhou Iron and Steel.
Guangxi Iron and Steel is a subsidiary of Liuzhou Steel Group and the latter is a controlling shareholder of Liuzhou Iron and Steel.
