Shandong Iron and Steel (600022.SH) plans to establish a sales subsidiary.

Financial APP News: Shandong Iron and Steel (600022.SH) has announced that in order to better utilize the advantages of enterprise-land cooperation, optimize regional operations and market layout, the company plans to invest in establishing a sales subsidiary, Jinan Shangang Trading Co., Ltd., in Gangcheng District, Jinan City, Shandong Province. The registered capital will be 20 million RMB.