Shangang arms' reverse merger on track
By Zhang Qi | China Daily | Updated: 2009-11-10 09:08
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Laigang and Jigang were suspended from trading yesterday due to asset restructuring. E Guoqing |
Laiwu Steel Corp (Laigang) and Jinan Iron and Steel Co (Jigang) were suspended from trading yesterday, indicating that a reverse merger with their parent, Shandong Iron and Steel Group (Shangang), may have been officially kicked off.
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