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Article: Valin gets final government approval to transfer state shares to Mittal.
- Article from:
- China Business News
- Article date:
- September 21, 2005
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Valin gets final government approval to transfer state shares to Mittal
Shanghai. September 21. INTERFAX-CHINA - Valin Pipe and Wire, a leading Chinese steel pipe supplier, announced Wednesday the approval from the Ministry of Commerce (MOFCOM) of Mittal's purchase of a stake in the company, the final government hurdle for the partnership with Britain- based company.
The approval also clears the way for Valin, based in southern China's Hunan Province, to get the classification as a foreign-invested company rather than a state-owned company.
MOFCOM's seal, which is the last official approval Valin needed, means Valin's parent - Valin Group . can ...