Rizhao Steel acquires 54.04% stake in Minmetals Yingkou
2021-09-22 11:31:06 [Print]
China Minmetals Corporation plans to transfer its 54.0383% equity interest in Minmetals Yingkou Medium Plate Co., Ltd. in accordance with its strategic development plan. The company signed an equity transaction contract with Rizhao Steel Holding Group Co., Ltd. which is an eligible transferee after the target equity was listed and traded on China Beijing Equity Exchange. Upon completion of the transaction, Rizhao Steel will hold 100% stake in Minmetals Yingkou.

