ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
2020年01月31日 22時42分
China's Cedar Holdings to acquire UK's Stemcor
Guangzhou, China, 2020年01月31日 - (JCN Newswire) - Cedar Holdings Group Co Ltd ("Cedar Holdings"), China's leading supplier of bulk commodities, and Stemcor Global Holdings Ltd ("Stemcor"), a leading global steel trading and distribution company, signed an agreement on January 21 at the World Economic Forum in Davos which will see Cedar Holdings purchase the entire share capital of Stemcor, subject to various approvals.
"Cedar Holdings is dedicated to building a world-leading bulk commodity group. Stemcor has a well-established global marketing network and system, which offers potential synergy with the existing domestic and international business of Cedar Holdings," said Han Gang, vice president of Cedar Holdings and president of Cedar Commodities Supply Chain Group.
"Supported by Cedar Holdings, Stemcor will be able to develop new business opportunities. The transaction is a win-win result where complementary benefits will emerge," he added.
Cedar Holdings, headquartered in Guangzhou, capital of South China's Guangdong Province, is actively expanding its global presence. It ranked 301st on the 2019 Fortune Global 500 with $40.6 billion in total revenue.
https://www.cedarhd.com/en/
Stemcor, a privately-held UK-based company, is a global Top 3 independent steel trading company with business operations covering 30 countries and regions. Nearly 20 percent of its business comes from China's market.
https://www.stemcor.com
Cedar Holdings Group
Contact: Xudafeng
Phone: +86 20-38911638
Email:
media@cedarhd.com
SOURCE: CEDAR HOLDINGS GROUP
セクター: 取引所
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
JF SmartInvest Holdings Ltd Announces 2024 Annual Results
Apr 04, 2025 23:48 JST
Kirin and Hitachi begin joint research on the creation of forest-based carbon credits
Apr 04, 2025 15:56 JST
Mitsubishi Corporation Announces Corporate Strategy 2027
Apr 04, 2025 09:04 JST
SMBC and Fujitsu partner towards creation of AI-powered data analytics business
Apr 03, 2025 22:10 JST
Prideone Entertainment Announces New Post-War Film to Commemorate the 80th Anniversary of World War II's End
Apr 03, 2025 07:00 JST
"GTF Advantage" Engine Achieved FAA Type Certification
Apr 02, 2025 17:41 JST
Hitachi's New Corporate Vision: Changing the World and Future with the Power of Knowledge
Apr 01, 2025 18:46 JST
Hitachi: Strengthening Our Analytical Business to Solve Social Issues with Our Core Technologies
Apr 01, 2025 18:38 JST
Hitachi: Completion of New Production Facility for Semiconductor Manufacturing Equipment in Kasado Area
Apr 01, 2025 17:52 JST
NEC has developed technologies that enable a secure workflow for personalized cancer vaccines and has proven their capabilities
Apr 01, 2025 16:15 JST
Mitsubishi Motors Launches Miland Virtual Car Lifestyle App Service
Apr 01, 2025 14:59 JST
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Apr 01, 2025 14:16 JST
Eisai to Divest Rights for Pariet in China to Peak Pharma
Apr 01, 2025 13:15 JST
MHIEC Receives Order for Full Refurbishment of Waste Incineration Plant in Itoman City, Okinawa Prefecture
Apr 01, 2025 11:45 JST
MHI Concludes "Mizuho Eco Finance" Commitment Line Agreement
Apr 01, 2025 10:51 JST
MHI Concludes Nissay Positive Impact Finance Agreement
Apr 01, 2025 09:54 JST
Gome Retail Continues to Focus on Its Main Business and Actively Resolve Debt
Apr 01, 2025 02:36 JST
Cryofocus Medtech: Steady Increase in Revenue and Gross Profit with Solid R&D Expenditures in 2024
Apr 01, 2025 01:42 JST
Five NTT Group Companies and Biome Inc. Start Joint Development of Large-scale Estimation Technology for Vegetation and Organisms using Satellite Image Data
Mar 31, 2025 15:43 JST
TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants
Mar 31, 2025 11:00 JST
More Latest Release >>