China's COFCO to take over Zhongyuan Special Steel

COFCO, China's top trading house of agri-products including grain, oil, and cotton, will take over a controlling 67.42% stake in Zhongyuan Special Steel Co from its existing shareholder - China South Industries Group Co (CSGC), a COFCO official confirmed on February 1.

COFCO, China’s top trading house of agri-products including grain, oil, and cotton, will take over a controlling 67.42% stake in Zhongyuan Special Steel Co from its existing shareholder - China South Industries Group Co (CSGC), a COFCO official confirmed on February 1.She, however, declined to disclose any more information,