Date: 2016-11-11

Baosteel to have dual HQ after Wuhan deal

A labourer walks past the gate of the headquarters of Baosteel Group Corp. in Shanghai, April 1, 2010. 

China's Baosteel Group will have dual headquarters once the Shanghai-based state-owned steel maker takes over smaller rival Wuhan Steel, Shanghai-based newspaper The Paper said on Monday, citing unidentified sources.

Baosteel will have headquarters both in its home town of Shanghai and in Wuhan in Hubei province, The Paper said.

There are few companies in China which have two corporate hubs, which suggests that although Baosteel is taking over Wuhan, the smaller company is retaining some influence over the structure of the takeover.

The deal, announced earlier this year, is the government's biggest effort yet to consolidate its steel industry.

Baosteel and Wuhan were not immediately available to comment.

Previous: The Technical Director of KELT travel to ZXY to have a technical exchange(pic)
Next: New Wind Turbine Certification Process Now in Place

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
68/1.5-ZZ bearing	1.5	4	2
68/1.5-ZZC3 bearing	1.5	4	2

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.