Benxi Steel Group Corp.,Ltd. known as Benxi Steel Group (or Bengang in China) is a Chinese holding company based in Benxi,Liaoning Province,for two steel making group.
The company was formed in 2010 as the holding company for Benxi Iron and Steel (Group) Co.,Ltd. (Chinese:本溪钢铁(集团)有限责任公司) and Beitai Iron and Steel (Group) Co.,Ltd. (Chinese:北台钢铁(集团)有限责任公司),the latter now known as Benxi Beiying Iron and Steel (Group) Co.,Ltd. (Chinese:本溪北营钢铁(集团)股份有限公司).
In 2005 a merger between Benxi Iron and Steel and Anshan Iron &Steel Group Corporation was announced but never materialized. In 2010 a new holding company was formed to takeover "Benxi Iron and Steel" and "Beitai Iron and Steel",located in Beitai,a town in Pingshan District,Benxi. The latter was owned by SASAC of Benxi City,but was transferred to Liaoning SASAC in order to finalize the merger.[6] In August 2021,Bengang began a merger with Ansteel Group which,once completed,will create the third largest metal producer in the world.[7]
Bengang Steel Plates, a subsidiary of Benxi Iron and Steel , is a listed company in Shenzhen Stock Exchange (SZSE: 000761). As at 7 November 2016, Bengang Steel Plates was a constituent of SZSE 1000 Index (top 1000 companies by capitalization) and SZSE 700 Sub-Index (the 301st to 1,000th companies by capitalization), but not a constituent of SZSE Component Index (top 500 companies by capitalization), making the listed company was ranked between the 501st to 1000th by free float adjusted market capitalization.[8]
References
↑ "2016年第一期本钢集团有限公司公司债券发行文件". Benxi Steel (in Chinese). chinabond.com.cn. 22 April 2016. Retrieved 30 September 2016.
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