Fosun International becomes No 2 shareholder of Tianjin Steel Co

Heavy Industry

Wednesday, October 08, 2008 00:28:39

	Fosun International becomes No 2 shareholder of Tianjin Steel Co By STAFF EDITOR Published: June 16, 2008 03:39 PM Fosun International Ltd (0656.HK), a comprehensive privately-owned company, said over the weekend that its subsidiary Fosun Technologies Tianjin had teamed up with Tianjin Tiangang Steel Group and a private business Tianjin Aoxin Investment Co to restructure Tianjin Steel Co, a unit of the Tiangang group, China Business News reported. Tianjin Steel reported $2.42 billion (RMB16.7 billion) in ... You are currently reading 57 words of 175 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , steel , Tianjin	More Articles in Heavy Industry > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Cement investment skyrockets, demand set to slow Henan Tongli Cement withdraws from Zhengzhou JV Good times over for steel industry over: Baosteel boss 4 Chinese steel mills to cut production by 20% Fosun Int’l to build 10m ton steel mill in Jiangsu Tianjin to raise $2.9b shipbuilding fund Putzmeister AG to build Changzhou plant

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