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Baosteel to own 80% of venture

by Fu Chenghao

BAOSTEEL Group Corp, will take an 80 percent stake in a new 35.9 billion yuan (US$5.2 billion) joint venture in southern Guangdong Province amid a steel industry restructuring. Shanghai-based Baosteel will pay...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080624/article_364308.htm"> Baosteel to own 80% of venture </a> by -- BAOSTEEL Group Corp, will take an 80 percent stake in a new 35.9 billion yuan (US$5.2 billion) joint venture in southern Guangdong Province amid a steel industry restructuring. Shanghai-based Baosteel will pay... </p>