Baosteel takes small stake in Xinjiang steel maker

Heavy Industry

Wednesday, October 08, 2008 00:25:50

	Baosteel takes small stake in Xinjiang steel maker By STAFF EDITOR Published: December 06, 2007 12:00 PM Baosteel Group, China’s largest steel mill, has acquired a 1.44% stake in Xinjiang province’s Xinhua Metal Products Co for US$27.07 million (RMB200 million) as part of a larger private placement, the 21st Century Business Herald reported. Xinhua Metal placed a total of 200 million shares with ... You are currently reading 49 words of 150 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: steel , xinjiang	More Articles in Heavy Industry > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Good times over for steel industry over: Baosteel boss 4 Chinese steel mills to cut production by 20% Qingsong Building Materials boosts subsidiary’s capital Natural gas needs to overcome bottlenecks Cement investment skyrockets, demand set to slow Henan Tongli Cement withdraws from Zhengzhou JV Putzmeister AG to build Changzhou plant

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