interesting

Interfax China reported that Shagang Group, China's largest privately owned steelmaker, is planning to go public to secure funds for the company's future development.

An official with Shagang Group's strategic development department, who wished to remain anonymous, said that "Launching an IPO is the company's long-term objective and the necessity has been further stressed by current tight finances.”

The official also mentioned that in order to prepare for the IPO, the company needs to introduce strategic investors, which may be either domestic or foreign companies.

According to the official, Shagang Group has not finalized the details of its IPO plan yet and needs to raise the funds to finance its capacity expansion, which will be achieved through various acquisitions and technical upgrade projects.
http://www.qualitymp3player.com/