Bayi lron & Steel announced on the evening of November 24 that Xinjang Tianshan Iron and Steel Co., Ltd..a controlling subsidiary of the company's controlling shareholder Baosteel Group Xinjiang Bayi lron & Steel Co., Ltd. intended to buy the 77.12% equity of Xinjiang Yili Iron and Steel Co. Ltd. held by 31 employee shareholders. The equity value corresponding to this acquisition is RMB 1.451 billion (USD220 million) and the final equity transter price is subject to the filing results of the authorized unit.
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.