Angang Steel Company, listed on Shenzhen Stock Exchange, announced on August 7 that its leading shareholder Anshan Iron and Steel Group Corporation has planned to increase the shareholding in the company, acquiring less than 2 percent shares within the next six months, with each share pricing at lower than RMB 3 ($0.5 per share).
On August 2, Anshan Iron and Steel already acquired 3.1448 million shares which accounts for 0.04 percent of the total shareholding of Angang Steel Company through the trading system of Shenzhen Stock Exchange. After the transaction, Anshan Iron and Steel now holds 67.34 percent shares of the company.