Live Breaking News & Updates on Representatives For Ansteel Group

2 Min Read
BEIJING/HONG KONG (Reuters) - China’s state-owned Ansteel Group is planning a “strategic restructuring” of regional rival Ben Gang Group, a filing showed on Thursday, in a sign that the government is seeking to step up consolidation of its mammoth steel sector.
FILE PHOTO: The Ansteel logo is seen at its headquarters in Anshan, Liaoning province, China November 28, 2018. REUTERS/Muyu Xu/File Photo
Ansteel, China’s No.4 steel maker and Ben Gang, which ranks No.9, are both based in the northeast province of Liaoning and have reportedly been in talks about a merger since 2005.
Bengang Steel Plates, the listed arm of Ben Gang Group, said in a filing to the Shenzhen Stock Exchange that the restructuring could result in a change to its ownership. ....

Hong Kong , Min Zhang , Meg Shen , Edwina Gibbs , Thomson Reuters Trust Principles , Representatives For Ansteel Group , Shenzhen Stock Exchange , Ben Gang Group , Sansteel Group , Ansteel Co Ltd , Ben Gang , Steel Plates , Bengang Steel Plates , Beijing Newsroom , Thomson Reuters Trust , ஹாங் காங் , நிமிடம் ஜாங் , மெக் ஷென் , எட்வினா கிப்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஷென்சென் ஸ்டாக் பரிமாற்றம் , எஃகு தட்டுகள் , பெய்ஜிங் செய்தி அறை , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,