Laiwu Iron and Steel Jian'an Company set up after mixed-ownership reform
2020-12-25 17:00:13 [Print]
On December 23, Laiwu Iron and Steel Jian'an Company after the mixed-ownership reform was officially inaugurated and established, marking the complete success of the company's mixed-ownership reform.
Laiwu Iron and Steel Jian'an Company was originally a wholly-owned subsidiary of Shandong Laigang Construction Co., Ltd. with qualifications for general contracting of metallurgical engineering, mechanical and electrical engineering, and construction engineering. It has an annual output value of RMB1 billion (USD152.39 million) and a steel structure processing capacity of more than 30,000t. In accordance with the work deployment of the Provincial State-owned Assets Supervision and Administration Commission, Shanxi Iron and Steel Group and Laiwu Iron and Steel on mixed-ownership reform, Laiwu Iron and Steel Jian'an Company listed and transferred 64% of its shares through the Shandong Property Rights Exchange Center. Shandong Metallurgical Engineering Co., Ltd. and Laiwu Runtai Industrial Company formed a consortium and successfully delisted. The property rights transaction will be completed on December 17, 2020.
Laiwu Iron and Steel Jian'an Company was originally a wholly-owned subsidiary of Shandong Laigang Construction Co., Ltd. with qualifications for general contracting of metallurgical engineering, mechanical and electrical engineering, and construction engineering. It has an annual output value of RMB1 billion (USD152.39 million) and a steel structure processing capacity of more than 30,000t. In accordance with the work deployment of the Provincial State-owned Assets Supervision and Administration Commission, Shanxi Iron and Steel Group and Laiwu Iron and Steel on mixed-ownership reform, Laiwu Iron and Steel Jian'an Company listed and transferred 64% of its shares through the Shandong Property Rights Exchange Center. Shandong Metallurgical Engineering Co., Ltd. and Laiwu Runtai Industrial Company formed a consortium and successfully delisted. The property rights transaction will be completed on December 17, 2020.
