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RR1:AU
Rights Issue and Shortfall
Shougang Fushan Sees Coal Acquisitions as Good Corporate Governance
Apr. 12, 2012 03:16PM PST
Industrial MetalsBloomberg reported that Shougang Fushan (OTC Pink:FSHYF) said its coal mine acquisitions represent strong corporate governance.
Bloomberg reported that Shougang Fushan (OTC Pink:FSHYF) said its coal mine acquisitions represent strong corporate governance.
As quoted in the market news:
His comments followed a report this morning from U.S. short seller Glaucus Research Group California LLC that said Shougang Fushan overpaid a related company for the mines and inflated profit margins.
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