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Chinese Baowu Group Acquires Sinosteel

The State Assets Supervision and Administration Commission of China (SASAC) has authorized the Baowu Steel Group to acquire state-owned company Sinosteel. Starting in October 2020, Baowu Steel has already been operating in the state-owned Sinosteel. In fact, Baowu Steel was already exercising external management over Sinosteel, which then faced serious…
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