Zhitong Finance App News, China Oriental Group (00581.HK) announced that on October 16, 2024 (after the Hong Kong trading session), the company and ArcelorMittal, the company's main shareholder, concluded: (i) an upstream joint venture agreement, according to which (including) the company and/or ArcelorMittal conditionally agreed to establish an upstream joint venture to engage in the production of hot-rolled substrates and other products jointly determined by the joint venture partners; and (ii) a downstream joint venture agreement, according to which the joint venture partner We have conditionally agreed to establish a downstream joint venture to engage in the production of new energy soft magnetic material products.

Zhitongcaijing · 10/16 04:25
Zhitong Finance App News, China Oriental Group (00581.HK) announced that on October 16, 2024 (after the Hong Kong trading session), the company and ArcelorMittal, the company's main shareholder, concluded: (i) an upstream joint venture agreement, according to which (including) the company and/or ArcelorMittal conditionally agreed to establish an upstream joint venture to engage in the production of hot-rolled substrates and other products jointly determined by the joint venture partners; and (ii) a downstream joint venture agreement, according to which the joint venture partner We have conditionally agreed to establish a downstream joint venture to engage in the production of new energy soft magnetic material products.