China Oriental Group subsidiary to acquire steel and iron capacity for CNY1.452 billion

Fangchenggang Jinxi, a 97.6%-owned subsidiary of China Oriental Group, has signed an agreement with Chengde Zhaofeng to acquire iron capacity of 1.38 million tons/year and steel capacity of 1.5 million tons/year for a total consideration of CNY1.452 billion.

“防城港津西与承德兆丰订立产能转让协议，内容有关将目标产能由承德兆丰转让到防城港津西，总代价为人民币14.52亿元。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中国东方集团(00581)附属拟14.52亿元收购钢产能及铁产能Oct 10, 2019

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