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Baoshan buy Nantong Steel

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Baoshan Iron & Steel Co, China's biggest steel maker, said yesterday that it bought 92.5 percent of Nantong Iron & Steel Co for 601 million yuan (US$80 million).

Baoshan bought the stake from its parent Baosteel Group Corp through a public tender, the Shanghai-based company told the Shanghai Stock Exchange yesterday.

(Shanghai Daily September 26, 2007)

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