Beiman Special Steel

Beiman Special Steel Co., Ltd.
Simplified Chinese 北满特殊钢有限责任公司
Traditional Chinese 北滿特殊鋼有限責任公司
Literal meaning North Manchuria Special Steel Limited Liability Company

Dongbei Special Steel Group Beiman Special Steel Co., Ltd. is a state-owned steel maker based in Qiqihar, Heilongjiang Province. Bei-man was the acronym of North Manchuria. The company is a subsidiary of Dongbei Special Steel (literally East-Northern Special Steel).

History

The steel refinery was found in 1952 in Fularji District, Qiqihar. The refinery was the only special steel maker in the First Five-year plan of China (1953–1957), with the aid of Soviet Union. The refinery was completed in 1957. It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel insudtry)[1]

In 1993, the steel refinery was incorporated as a subsidiary Beiman Special Steel Co., Ltd. and listed in Shanghai Stock Exchange (as SSE: 600853), which Bei Steel Group Co., Ltd. (Chinese: 北鋼集團有限責任公司) was the major shareholder for 64.32% stake.[2] In 2001, the assets of the refinery was sold back to the parent company, while the listed company was sold to another state-owned enterprise and renamed to Longjian Road and Bridge, as a reverse IPO. Bei Steel Group Co., Ltd. was also renamed to Beiman Special Steel Group Co., Ltd.. (Chinese: 北满特殊钢集团有限责任公司).

In 2004, the State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Heilongjiang, the parent entity of Beiman Special Steel, injected the steel refinery into Dongbei Special Steel, a holding company of Liaoning Government, as share capital.[3][4] The holding company became the parent company of three steel refineries in Qiqihar, Dalian and Fushun.

As at 31 December 2014 the parent company owned 58.63% stake in Dongbei Special Steel Group Beiman Special Steel Co., Ltd..[3] Heilongjiang SASAC retained the rest.[5]

References

  1. ↑ http://blog.sina.com.cn/s/blog_544a7adf0100mwmj.html
  2. ↑ "2001 Annual Report" (PDF). Beiman Special Steel (in Chinese). Shanghai Stock Exchange archive. 29 April 2002. Retrieved 30 September 2016.
  3. 1 2 "2014 Annual Report". Dongbei Special Steel Group Co., Ltd. (in Chinese). Shanghai Clearing House. 30 April 2015. Retrieved 29 September 2016.
  4. ↑ 抚顺特殊钢股份有限公司关于第一大股东增资更名的公告 (in Chinese)
  5. ↑ Heilongjiang Province Administration For Industry & Commerce (in Chinese)

External links

This article is issued from Wikipedia - version of the 11/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.