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Actual Controller of Nanjing Iron and Steel is Planned to be Changed to CITIC Group Co , Ltd _SMM
Xinye Steel intends to increase its capital by 13.58 billion yuan in Nanjing Iron and Steel Group, and will hold 55.25% of the company's shares
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China s CITIC buys controlling stake in Nanjing Iron & Steel
State-owned Chinese conglomerate CITIC Limited said on Sunday it will buy a 55% stake in Nanjing Iron & Steel Group, one of the country s top specialty steel producers, beating out top private. | April 3, 2023
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China s CITIC buys controlling stake in Nanjing Iron & Steel for nearly $2b
The acquisition represents the further consolidation of China's domestic steel mills.
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