Anxi San'an Iron and Steel becomes wholly-owned subsidiary of Sangang Minguang

It was learned from the Anxi County government that on March 30th, asset purchase by issuing shares and related transactions of Sangang Minguang Co.Asian Metal Copyright2 million tons for steel, the company is the largest steel production base in Fujian Province, mainly producing four series of products including "Minguang" brand building materials, metal products, medium-thick plates, machinery manufacturing materials.Asian Metal Copyright, Ltd.Asian Metal Copyright San'an Iron and Steel, located in Anxi County, Quanzhou, is mainly engaged in smelting, rolling and processing of iron steel and production and sales of pressure-reducing products.Asian Metal Copyright, the leading company in iron and steel industry of Fujian Province, successfully passed the examination and approval of the merger and reorganization committee of China Securities Regulatory Commission.Asian Metal Copyright The company's main products are rebar, wire rods, round steel and other construction steels.Asian Metal Copyright In this transaction, Sangang Minguang planned to purchase 100% equity of San'an Iron and Steel, which Sangang Group, San'an Group, Rongde Mining and Xindaan held in aggregate, by issuing shares.

Sangang Minguang is located in Sanming City, Fujian Province. Currently, with an annual capacity of 6.Asian Metal Copyright, Ltd.Asian Metal Copyright2 million tons for steel, the company is the largest steel production base in Fujian Province, mainly producing four series of products including "Minguang" brand building materials, metal products, medium-thick plates, machinery manufacturing materials.

San'an Iron and Steel, located in Anxi County, Quanzhou, is mainly engaged in smelting, rolling and processing of iron & steel and production and sales of pressure-reducing products. The company's main products are rebar, wire rods, round steel and other construction steels.Asian Metal Copyright, the leading company in iron and steel industry of Fujian Province, successfully passed the examination and approval of the merger and reorganization committee of China Securities Regulatory Commission.Asian Metal Copyright San'an Iron and Steel is mainly responsible for the production and supply of "Minguang" brand steel products in Xiamen, Zhangzhou and Quanzhou in Fujian Province with market share of 18% for construction steel products in the province.

.Asian Metal Copyright, the leading company in iron and steel industry of Fujian Province, successfully passed the examination and approval of the merger and reorganization committee of China Securities Regulatory CommissionAsian Metal Copyright