24
Feb
09:36
Anyang Steel advances mixed ownership reform
Henan-based Anyang Steel Group has transferred 100% of its equity to Henan Machinery Equipment Investment Group (HMEIG), which is also controlled by the State-owned Assets Supervision and Administration Commission (SASAC) of Henan Province, Kallanish notes.
The acquisition means that HMEIG has indirect control of 66.78% of Anyang Steel, the listed arm of Anyang Steel Group. However, the ultimate controller remains the Henan SASAC.
Over the next year, HMEIG w…
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Anonymous
Very good overview of the weekly steel market.
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