Baowu Steel Group intends to become actual controller of Chongqing Steel
2019-12-31 16:49:11 [Print]
Chongqing Iron and Steel announced on the evening of December 27 that the company received a notice from its actual controller Four Rivers Investment Management Co., Ltd. on that day. According to the notice, Four Rivers Investment Management Co., Ltd. and Baowu Steel Group have signed a letter of intent, and Baowu Group intends to become the actual controller of the company. The two sides will determine the transaction consideration as soon as possible.
