Aug 20, 2021 01:37 PM (GMT+8) · EqualOcean
Financial Associated Press, August 20 (Xinhua) -- today, the Anshan Iron and steel restructuring meeting was held in Anshan City, Liaoning Province. Liaoning SASAC transferred 51% of the equity of Benxi Iron and Steel Group Co., Ltd. to Anshan Iron and Steel Group Co., Ltd. free of charge. Benxi Iron and Steel Group Co., Ltd. became a holding subsidiary of Anshan Iron and Steel Group Co., Ltd. The meeting read out the notice on the reorganization of Benxi Iron and Steel Group Co., Ltd. by Angang Group Co., Ltd. and Liaoning provincial government, and signed the agreement on the capital increase by equity diversification reform of Angang Group and the agreement on the free transfer of state-owned equity of Benxi Iron and Steel Group Co., Ltd. by the state owned assets supervision and Administration Commission of Liaoning Provincial People's government and Angang Group Co., Ltd.