Da Ming plans to form JV with Taiyuan Steel
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Friday, 15 Jul 2011
It is reported that Da Ming International Holdings plans to form a joint venture with Taiyuan Steel to process stainless and carbon steel in Taiyuan city.
Da Ming will invest CNY 648 million to have a 60% stake in the joint venture while its partner will hold the remainder. The joint venture will have registered capital of CNY 500 million.
(Sourced from sina.com.cn)
