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25 Nov
09:45

Anyang Steel Group approves mixed equity reform plans

Anyang Iron & Steel Group has passed the overall plan for its mixed ownership reform; however, the specific timetable and effect of advancement are uncertain, Kallanish notes from the stock exchange announcement of its listed arm, Anyang Steel. The plan will proceed in two steps. Firstly, 100% equity of Anyang Steel Group and 20% equity of Anyang Steel will be transferred to Henan Machinery Investment Group. The latter, like Anyang, is also held by the State-o…
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