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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Ningbo Fubang Jingye Group Co.,Ltd    600768   CNE000000N63

NINGBO FUBANG JINGYE GROUP CO.,LTD

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Ningbo Fubang Jingye : China's Jingye enters into sale contract with British Steel

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11/11/2019 | 09:37am EST
FILE PHOTO: A British Steel works sign is seen in Scunthorpe

China's Jingye Steel has entered into a "sales contract" to buy the assets of British Steel but the deal has not been finalised, British officials said on Monday.

The Official Receiver did not give a price but said the two sides had reached a provisional agreement. Britain's Business Minister Andrea Leadsom said in a video clip posted on Twitter that the takeover was not finalised but she was optimistic that it would go ahead.

(Reporting by Kate Holton; editing by Michael Holden)

Stocks mentioned in the article
ChangeLast1st jan.
NINGBO FUBANG JINGYE GROUP CO.,LTD 3.62% 11.15 End-of-day quote.-12.16%
TATA STEEL LTD 5.14% 475.3 End-of-day quote.0.54%
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Capitalization 1 439 M
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NameTitle
Han Xin Song General Manager & Director
Shu Cheng Han Chairman-Supervisory Board
Wei Chen Chairman
Pei Qing Yue Chief Financial & Accounting Officer
Jin Hao Zheng Director
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