China’s Ansteel plans takeover of Lingyuan Iron & Steel

Anshan Iron & Steel Group Corp (Ansteel) is in talks about taking over Lingyuan Iron & Steel (Lingsteel), which would keep it on track to reach its target of having a crude steel capacity of 70 million tonnes per year by 2025.

In a filing to the Shanghai Stock Exchange on Wednesday June 22, Lingsteel said that its controlling shareholder and Ansteel were in discussions over a potential restructuring that may lead...

Published

Zihuan Pan

June 23, 2022

07:02 GMT

Shanghai