China News Service, Shenyang, August 19 (Wang Jingwei) Bengang Steel Plate Co., Ltd. announced on the evening of the 18th that the company has recently received a notice from the indirect controlling shareholder Bengang Group that the State-owned Assets Supervision and Administration Commission of the People's Government of Liaoning Province (hereinafter referred to as " The State-owned Assets Supervision and Administration Commission of Liaoning Province") and the People's Government of Liaoning Province jointly issued a notice agreeing to the Ansteel Group's reorganization of the Benxi Iron and Steel Group.
According to the announcement, Bengang Steel Plate Co., Ltd. (hereinafter referred to as the "Company") disclosed on April 15, 2021 the "Reminder and Suspension Announcement of Bengang Steel Plate Co., Ltd. on the strategic reorganization of indirect holding of Dongbengang Group Co., Ltd." "(Announcement No. 2021-008), Ansteel Group Co., Ltd. (hereinafter referred to as "Ansteel Group") is planning to reorganize Bengang Group Co., Ltd. (hereinafter referred to as "Bengang Group").
The announcement stated that the company received a notice from the indirect controlling shareholder Bengang Group, and the Liaoning Provincial SASAC received a joint notice issued by the State-owned Assets Supervision and Administration Commission of the State Council and the People’s Government of Liaoning Province, agreeing to the Angang Group’s reorganization of the Bengang Group. The Provincial State-owned Assets Supervision and Administration Commission transferred 51% of the equity of Bengang Group to Angang Group for free.
Earlier, Bengang Steel Plates had also disclosed an announcement that the company had received a notice from the indirect controlling shareholder Bengang Group that Liaoning Communications Investment Co., Ltd. planned to transfer 182,842,883 Bengang Steel Plates shares to Bengang Group for free.
According to the announcement, the above-mentioned free transfers are all to improve the control of Bengang Group over listed companies. The Liaoning Provincial Government actively promotes the optimization and adjustment of the assets of state-owned enterprises in the province, further integrates the state-owned assets of Liaoning Province, optimizes the structure of state-owned assets, and increases the allocation of state-owned capital. Efficiency and support Angang Group Co., Ltd. to reorganize Bengang Group.
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