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Fangda Special Steel's parent company acquires Desheng Group
Mars Financial News: On April 16, it was reported that Liaoning Fangda Group signed an equity transfer agreement with Sichuan Desheng Group, and the latter’s operational management decision-making authority was officially handed over to Liaoning Fangda Group. Desheng Group is one of the world’s top five vanadium producers. It has two major operating entities under its umbrella: Sichuan Vanadium-Titanium and Yunnan Vanadium-Titanium. Fangda Group’s steel segment comprises four production bases: Fangda Special Steel, Jiujiang Steel, Ping’an Steel, and Dazhou Steel. The acquisition of Desheng Group will enable market, technology, and product complementarity with Dazhou Steel. (Wide-angle Observation)