Publicado: Oct 13, 2023 23:35
Nansteel Co., Ltd. announced that its indirectly controlling shareholder Shanghai Fuxing High-tech (Group) Co., Ltd. and its subsidiary intend to sell its 60% equity in Nanjing Steel Union, the controlling shareholder of the company. On October 13, the company received a notification letter from Nansteel Group that it had received a civil mediation document issued by the Jiangsu High Court on the same day. After mediation by the Jiangsu High Court, the parties voluntarily reached an agreement that Shagang Group and Shagang Investment voluntarily withdrew from the transaction involving 60% equity of Nanjing Steel Union, and Nansteel Group paid compensation to Shagang Group and Shagang Investment. Through friendly negotiation, all parties have strived to achieve win-win results. At present, the company's production and operation are normal.

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Nansteel Co., Ltd. announced that its indirectly controlling sharehold - Shanghai Metals Market (SMM)