CSRC approves Hebei Steel merger plan
By Zhang Qi | 皇冠体育app Daily | Updated: 2009-09-22 08:28
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The merged entity will have an aggregate market value of about $4 billion. 皇冠体育app Daily |
The 皇冠体育app Securities Regulatory Commission (CSRC) yesterday approved the merger of Tangshan Iron & Steel Co with Handan Iron & Steel and Chengde Xinxin Vanadium & Titanium Co, paving the way for Hebei Iron and Steel Group (Hebei Steel), their parent, to become the country's second largest steelmaker.
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