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Old 07-18-2010, 10:42 AM   #18
El Super Beasto
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Originally Posted by clshoe616 View Post
Today, Jilin Tonghua Iron and Steel Group Co., Ltd. (hereinafter referred to as "General Steel") and Shougang Corporation (the "Shougang"), formally signed in Changchun, "marriage" in about. The two sides than the previous version of the final restructuring plan referred to seem more conducive to Shougang.According to Shougang insiders yesterday to the "First Financial Daily" said, Shougang will invest 2.5 billion was about 77% through steel stake, part of the SAC by the free transfer of Jilin Province, this will be through Shougang Steel controlling. Earlier, the market has spread through steel Shougang is expected to be more than 60% shareholding stake in Shougang eventually see further.

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