Meishan Iron and Steel
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| Industry | Iron and steel manufacturing |
| Founded |
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| Founder | Shanghai Meishan Group |
| Headquarters | Nanjing, China |
| Revenue |
 CN¥26.0 billion (2014) |
 CN¥193 million (2014) |
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| Profit |
CN¥7.00 million (2014) |
| Total assets |
CN¥32.9 billion (2014) |
| Total equity |
 CN¥11.1 billion (2014) |
| Owner |
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| Parent | Baoshan Iron and Steel |
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Footnotes / references in a consolidated basis |
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| Shanghai Meishan Iron and Steel Co., Ltd. | |||||||
| Simplified Chinese | 上海梅山钢铁股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 上海梅山鋼鐵股份有限公司 | ||||||
| Literal meaning | Shanghai Meishan Steel and Iron Company Limited by Shares | ||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Shànghǎi méishān gāngtiě gǔfèn yǒuxiàn gōngsī |
Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang (Chinese: 梅钢) is a second-tier subsidiary of Baosteel Group and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd.. The company was based in Nanjing.
In 2004, Baosteel Group decided to inject Shanghai Meishan Iron and Steel Co., Ltd. to fellow subsidiary Baoshan Iron and Steel Co., Ltd., which is also a listed company.
The steel plant at Meishan Iron Mine, in Xishan Qiao Subdistrict, Nanjing was founded in 1969 by the Shanghai Government. The mine became a quasi-exclave of Shanghai. In 1984, the steel plant and related industries became Shanghai Meishan Metallurgical Corporation (Chinese: 上海梅山冶金公司). The company was registered in the Government of Nanjing in 1990. In 1994, a new holding company was formed for Meishan Group, which the mine was spin-off from Meishan Metallurgical Corporation in 1995, while the iron and steel company became Shanghai Meishan Iron and Steel Co., Ltd. (Chinese: 梅山钢铁有限公司). The company became a subsidiary of Baosteel Group in 1998. Meishan Iron and Steel was listed as one of the 512 most important state-owned enterprises in 1997, in the iron and steel industry segment that consist of 47 companies.
The company was re-incorporated in 2001 (Chinese: 上海梅山钢铁股份有限公司) by debt-to-equity swap. In 2004, Baosteel Group floated Meishan Iron & Steel at by selling 74.01% shares of Meishan Iron & Steel to its listed subsidiary Baoshan Iron and Steel, for a valuation of CN¥5.469 billion (CN¥7.389 billion total value times 74.01% shares). The deal was completed in 2005.
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