Angang Steel (00347) has completed the acquisition of equity in Ansteel Yingkou Port Operation.
Ansteel Group (00347) announced the acquisition of Ansteel Yingkou Port Co., Ltd. (Ansteel Yingkou Port). The equity transfer of the acquisition has been registered with the relevant company registration authority, and the transaction has been completed. After the delivery, Ansteel Yingkou Port holds 80% of the equity owned by the company and is a non-wholly owned subsidiary of the company. Its financial performance will be consolidated into the company's financial statements.
Angang Steel (00347) announced the acquisition of equity in Ansteel Yingkou Port Logistics Co., Ltd. (Ansteel Yingkou Port Logistics). The equity transfer related to the acquisition has been registered with the relevant company registration authority, and the transaction has been completed. After the delivery, 80% of the equity of Ansteel Yingkou Port Logistics is held by the Company and will be consolidated into the Company's financial statements as a non-wholly owned subsidiary.
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