State Steelmaker in Henan Seeks Private Investors

What’s new: Anyang Iron & Steel Group Co. Ltd., a steel maker wholly owned by the Henan provincial government, plans to sell 80% of its equity to private investors and employees as part of China’s campaign to revamp state-owned companies.

Anyang Iron & Steel, also known as Angang, won approval from the provincial government for the so-called mixed-ownership restructuring, Angang’s Shanghai-traded unit said in a filing.