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publisherJohn Liu
time2015/12/25
Combining SOEs will deliver strong global competitive advantages
Metallurgical Corp of China Ltd saw its shares slump 10.01 percent on Wednesday, after anofficial announcement the previous day of it being folded into China Minmetals Corp, thecountry's biggest steel and base metals trader, as a wholly owned subsidiary.
Shares in Metallurgical Corp, or MCC, a State-owned engineering and mining group, had beensuspended since August pending consideration of "significant matters", and had missed thelosses suffered by the wider stock market.
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