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China : WISCO to raise investment in Pingmei Shenma Group.

Hubei Province-based Chinese steel producer Wuhan Iron and Steel Group (WISCO) declared that it will raise its investment in Chinese coal mining company China Pingmei Shenma Group by RMB, worth, 600 million.

In registered capital,RMB 600 million will interpret and raise RMB 446 million, hence, the total registered capital of China Pingmei Shenma Group will rise from RMB 18.49272 billion ($2.964 billion) to RMB 18.939480 billion ($3.035 billion).

In China, China Pingmei Shenma Group is one of the biggest producers of coking coal and thermal coal

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Publication:Mena Report
Date:Dec 20, 2012
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