Nanjing Iron and Steel Group

Nanjing Iron and Steel Group
Company typejoint venture
Industryconglomerate
Founded
  • 1958
  • 1996 (1996) (date of incorporation)
Headquarters,
China
Area served
China
ProductsSteel (via JV), Real estate
ServicesHospital, logistic
Owner
ParentNanjing Iron and Steel Venture Investment
Subsidiaries
Nanjing Iron and Steel Group Corp., Ltd.
Simplified Chinese南京钢铁集团有限公司
Traditional Chinese南京鋼鐵集團有限公司
Transcriptions
Nanjing Iron and Steel Group
Simplified Chinese南京钢铁集团
Traditional Chinese南京鋼鐵集團
Transcriptions
Nangang Group
Simplified Chinese南钢集团
Traditional Chinese南鋼集團
Literal meaningNansteel Group
Transcriptions

Nanjing Iron and Steel Group Corp., Ltd. is a Chinese conglomerate company based in Nanjing, Jiangsu Province, China. It was a state-owned enterprise, but now it is a joint venture of Nanjing Iron and Steel Venture Investment (Chinese: 南京钢铁创业投资有限公司, about 36.07% owned by the worker union of Nanjing Iron and Steel Group)[1] and state-owned enterprise Nanjing New Industrialization Investment Group in a 51–49 ratio. Nanjing Iron and Steel Group formed another joint venture with Fosun International as an intermediate holding company of Nanjing Iron and Steel Company, in a 60–40 ratio. On 31 December 2015 Fosun International appointed Nanjing Iron and Steel Group as a proxy for 1/6 of their voting rights, making the voting rights were equally shared between Nanjing Iron and Steel Group and Fosun International after 31 December 2015.

  1. ^ "南京钢铁创业投资有限公司" (in Chinese). 江苏省工商行政管理局 (Administration for Industry and Commerce of Jiangsu Province). Retrieved 19 November 2016.