Printer Friendly

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

2012 Al Bawaba (

Provided by an company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Dec 20, 2012
Previous Article:China : SINOSTEEL to sign agreement with CAMEROON government for iron ore project.
Next Article:China,United Kingdom : BRITISH AIRWAYS plans to offer flights on HEATHROW-CHENGDU route.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters