Also, China steel maker Shougang Holdings will pay HK$2.07 billion for 10.8 percent of coal producer Fushan International Energy, Fushan said on Tuesday. Shougang will pay HK$4.60 a share for 450 million new shares in Fushan. Under the acquisition agreement, Shougang will commit to buying at least 2 million tons of clean coking coal -- used in steel production -- from Fushan annually from 2009 onward.
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