It is reported that Shaanxi Province-based Shaanxi Coal and Chemical Industry Group is planning to increase its shareholding in its subsidiary Shaanxi Iron and Steel Group from the current 65.02% to 78.56% on the premise of unchanged capital stock of the steelmaker.

Shaanxi Steel was established in August 2009. Its registered capital totals CNY 3.69 billion while its annual production capacity is 10 million tonnes.

(Sourced from SteelOrbis)
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