Maanshan Iron and Steel Co., Ltd. announced on June 2 that the State-owned Assets Supervision and Administration Commission of Anhui Province transferred the 51% equity of Maanshan Iron and Steel Group to China Baowu free of charge. China Baowu will become the indirect controlling shareholder of the company, and the actual controller of the company will be changed to the State-owned Assets Supervision and Administration Commission of the State Council.
