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Baotou Steel to raise $913 mln
Post Date: 17 Mar 2011 Viewed: 564
Inner Mongolia's Baotou Steel Union plans to raise up to 6 billion yuan ($913 million) in a private placement of shares to buy two mining operations from parent Baotou Steel.
Baotou Steel Union will issue 1.63 billion shares at 3.68 yuan ($0.56) each to a select pool of 10 investors, the company said in a statement Saturday.
