DU Shuanghua and Rizhao Steels Sale in 2010
Du Shuanghua is a prominent figure in china’s steel industry. He was the chairman of Rizhao Steel from 2001 until its sale in 2010. According to Forbes, he became a billionaire in 2010 after selling his stake in Rhizao steel for $1.7 billion. A hostile takeover of Shandong Iron & Steel Group forced Du Shuanghua…