OREANDA-NEWS. March 07, 2012. Fujian Sansteel Minguang is planning to hold 10 percent of Angang Cold Rolled Steel (Putian) Co Ltd, a wholly-owned subsidiary of Ansteel, by injecting 150 million yuan into the company, so will the State-owned Properties Investment Company of Putian City pay the same amount for a 10 percent stake in Ansteelбпs Putian plant.

Ansteel remains the largest shareholder with a controlling 80 percent stake in its subsidiary.