Pipe maker confident it can turn around rebar firm

Chu Kong Petroleum & Natural Gas Steel Pipe, based in Panyu, Guangzhou, agreed last month to buy Nanjing Rongyu Group, a maker of rebar used in buildings, bridges, and roads, for 80.4 million yuan (HK$101.7 million).

via Business feed http://www.scmp.com/business/companies/article/1258699/pipe-maker-confident-it-can-turn-around-rebar-firm