General Nice plots M&A strategy

Privately-held Chinese steel importer is keen to merge with a state-owned firm to access funding and capitalise on opportunities arising from the commodities slump.

Jaffe Lau, CEO

Denise Wee

April 23, 2015

Tianjin-based General Nice Resources, one of the largest iron ore traders in China, is in talks with state-owned enterprises on its home turf about merging or forming joint ventures to reduce funding costs, the company’s CEO Jaffe Lau told FinanceAsia in an interview.

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