Gansu Jiu Steel to Absorb Metal Products Trading Subsidiary

MT Newswires Live

02-19

Gansu Jiu Steel Group Hongxing Iron & Steel (SHA:600307) plans to absorb and merge with metal and mineral products trading subsidiary Urumqi Jiugang Zhengtai Logistics, according to a Shanghai Stock Exchange filing on Wednesday.

The Chinese iron and steel manufacturer will take over all of Jiugang Zhengtai Logistics' assets and liabilities.

Jiugang Zhengtai Logistics will be canceled after the completion of the merger.

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