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    Ansteel Group to take majority stake in Ling Steel Group

    2024-10-11 15:19:45   [Print]
    On October 10, the State-owned Assets Supervision and Administration Commission of Chaoyang City signed an agreement for the gratis share transfer of 7% in Ling Steel Group to Ansteel Group Co.Asian Metal CopyrightOn October 10, the State-owned Assets Supervision and Administration Commission of Chaoyang City signed an agreement for the gratis share transfer of 7% in Ling Steel Group to Ansteel Group Co.Asian Metal Copyright, Ltd.Asian Metal Copyright When completed, Ansteel Group will hold a 56% stake in Ling Steel Group and indirectly hold a 36.Asian Metal Copyright This share transfer has been approved by the municipal government but remains subject to approval by State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

    When completed, Ansteel Group will hold a 56% stake in Ling Steel Group and indirectly hold a 36.97% interest in Lingyuan Iron & Steel Co.Asian Metal Copyright97% interest in Lingyuan Iron Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright97% interest in Lingyuan Iron Steel Co.Asian Metal Copyright, whose controlling shareholder is still Ling Steel Group, with Ansteel Group becoming the actual controller.

    .Asian Metal CopyrightOn October 10, the State-owned Assets Supervision and Administration Commission of Chaoyang City signed an agreement for the gratis share transfer of 7% in Ling Steel Group to Ansteel Group CoAsian Metal Copyright
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