China Oriental and ArcelorMittal Form Joint Venture

China Oriental Group Co (HK:0581) has released an update.

China Oriental Group Co has successfully established joint venture companies with ArcelorMittal, marking a significant milestone in their collaborative efforts. The completion of all conditions under the JV agreements was achieved, leading to the official establishment on December 20, 2024. This strategic move could bolster China Oriental’s position in the steel industry, attracting interest from investors.

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