Angang Steel Finalizes Acquisition of Stake in Port Services Subsidiary

Stock News

07/02

Angang Steel Company Limited has announced the completion of its acquisition of equity in Angang Yingkou Port Services Co., Ltd.

The transfer of shares for the acquisition has been officially registered with the relevant corporate registry, and the transaction is now finalized.

Following the completion of the deal, Angang Steel Company Limited now holds an 80% stake in Angang Yingkou Port Services, making it a non-wholly owned subsidiary.

The financial results of the port services company will be consolidated into the financial statements of Angang Steel Company Limited.

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