Ansteel to buy 80% stake in Angang Yingkou Port for RMB 1B

Reuters03-30 23:13

Ansteel to buy 80% stake in Angang Yingkou Port for RMB 1B

Angang Steel agreed to buy 80% of Angang Yingkou Port from Angang Holding for RMB 1 billion.
Payment is due within 30 days of March 30, 2026, funded from internal resources.
Completion is expected within 60 days, subject to registration of equity transfer.
Angang Yingkou Port will become a non-wholly owned subsidiary, with results consolidated into Angang Steel financial statements.
Valuation referenced appraised shareholders’ equity value of RMB 1.3 billion as of Dec. 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ANSTEEL - Angang Steel Company Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12080759), on March 30, 2026, and is solely responsible for the information contained therein.

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