Hanlong probably wants to "flip" it for 57 cents to Wuhan Iron and Steel Group. Who knows.
Story on Wuhan Iron and Steel Group....
Nov 13, 2012 National Business Daily
Wuhan Iron and Steel Group's General Manager said that the company has decided to suspend its steel plant project in Brazil.
Wuhan Iron and Steel Group had been planning to invest a total of USD 5 billion on the project.
Wonder why?
They said "that due to lack of infrastructure".
deal shaky, page-10
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