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 Baowu (formerly known as Baosteel Group) and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd. (Baosteel). 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 [zh], in Yuhuatai District, Nanjing was founded in 1969[3][4] 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).[5] 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.[6] 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.[7]
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 Shanghai Stock Exchange[8][9] by selling 74.01% shares of Meishan Iron & Steel to its listed subsidiary Baoshan Iron and Steel, for a valuation of ¥5.469 billionRMB (¥7.389 billion RMB total value times 74.01% shares). The deal was completed in 2005.[10]
In 2008, Meishan Iron & Steel signed a contract with Praxair to build two more new air separation plants in Meishan.[11]
In 2018, it was announced that the steel plant of the company would be relocated to Yancheng, Jiangsu Province in the 2020s.[12]
Former Shanghai Meishan Group
"Shanghai Meishan (Group) Co., Ltd." (Chinese: 上海梅山(集团)有限公司) was the holding company of Meishan Iron & Steel and other subsidiaries. It was founded in 1994.[5] Meishan Group merged with Baosteel Group in 1998.[6][8] The assets of Meishan Group were absorbed by "Baosteel Group Shanghai Meishan Co., Ltd." (Chinese: 宝钢集团上海梅山有限公司) some time later. After the partial demerger in 2004, Baosteel Group Shanghai Meishan Ltd. still owned Shanghai Meishan Mining (Chinese: 上海梅山矿业有限公司, incorporated in 1995) the mining company in the unlisted portion of the conglomerate. The company became part of "Nanjing Meishan Metallurgical Development" (Chinese: 南京梅山冶金发展有限公司), a subsidiary of "Baosteel Group Shanghai Meishan Co., Ltd." in 2010. As at 31 December 2015, "Baosteel Group Shanghai Meishan Co., Ltd." had net assets of just ¥1.366 billionRMB,[13] much smaller in size than its sister company Meishan Iron and Steel.
^ abc上海梅山钢铁股份有限公司2014年度报告 [2014 Annual Report]. Shanghai Meishan Iron and Steel Co., Ltd. (in Chinese). Shanghai Clearing House. 30 April 2015. Retrieved 6 October 2016.
^"Shanghai Meishan Iron & Steel Co., Ltd.: Private Company Information - Bloomberg". bloomberg.com. Retrieved 2017-03-08.
^李园园; 王林盛 (25 April 2019). . XinhuaNet (in Chinese (China)). Archived from the original on May 18, 2021. Retrieved 1 December 2019.
^ ab. www.shtong.gov.cn. Archived from the original on 2004-09-02.
^ ab"Official Journal 1998 N°30" (PDF) (in Chinese). State Council of China. 22 December 1998. Retrieved 12 October 2016.
^ ab宝钢集团上海梅山有限公司(简称"梅山公司") [Baosteel Group Shanghai Meishan Co., Ltd. (Meishan Co. in short)] (in Chinese). Baosteel Group. Retrieved 6 October 2016.
^ ab关于资产收购及关联交易的公告 [Announcement of Acquisition of Assets and Related-Parties Deal] (PDF). Baoshan Iron and Steel (in Chinese). archive of Shanghai Stock Exchange. 12 August 2004. Retrieved 6 October 2016.
^"2005 Annual Report" (PDF). Boshan Iron and Steel (in Chinese). archive of Shanghai Stock Exchange. 29 March 2006. Retrieved 12 October 2016.
^"Praxair China Expands Supply Agreement with Meishan Iron & Steel". Praxair. 1 April 2008. Retrieved 6 October 2016.
^省政府与宝武集团签署《战略合作协议》 梅钢将从南京迁往盐城 (Press release) (in Chinese (China)). 南京投资与规划处. 2018-12-05. Retrieved 1 December 2019.
^宝钢集团上海梅山有限公司关于披露2015年年度报告的公告 [2015 Annual Report] (in Chinese). Baosteel Group Shanghai Meishan Co., Ltd. 29 April 2016. Retrieved 6 October 2016 – via Shanghai Clearing House.
^"2015 Annual Report" (PDF). Baoshan Iron and Steel (in Chinese). archive of Shanghai Stock Exchange. 31 March 2016. Retrieved 3 October 2016.
^"2008 Annual Report". Meishan Iron and Steel (in Chinese). Chinabond.com.cn. 24 April 2012 [Originally published in 2009]. Retrieved 7 October 2016.
External links
Official website of Baoshan Iron and Steel Co., Ltd. (in Chinese)
Official website of Baosteel Group Shanghai Meishan Co., Ltd. (in Chinese)
January 06, 2023
meishan, iron, steel, shanghai, known, meisteel, meigang, chinese, 梅钢, second, tier, subsidiary, baowu, formerly, known, baosteel, group, first, tier, subsidiary, listed, company, baoshan, iron, steel, baosteel, company, based, nanjing, typecompany, limited, s. 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 Baowu formerly known as Baosteel Group and a first tier subsidiary of listed company Baoshan Iron and Steel Co Ltd Baosteel The company was based in Nanjing Meishan Iron and SteelTypecompany limited by shares subsidiaryIndustryIron and steel manufacturingFounded28 June 1990 1990 06 28 as company 1 26 June 2001 2001 06 26 as limited company 2 FounderShanghai Meishan GroupHeadquartersNanjing ChinaRevenue 26 0 billion RMB 2014 Operating income 193 million RMB 2014 Net income 7 00 million RMB 2014 Total assets 32 9 billion RMB 2014 Total equity 11 1 billion RMB 2014 OwnerBaoshan Iron and Steel 77 0 China Development BankOrient Asset ManagementGovernment of Nanjing CityParentBaoshan Iron and SteelFootnotes referencesin a consolidated basis 2 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 meaningShanghai Meishan Steel and Iron Company Limited by SharesTranscriptionsStandard MandarinHanyu PinyinShanghǎi meishan gangtie gǔfen yǒuxian gōngsiShunting locomotive GKD1A owned by Meisteel 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 Contents 1 History 1 1 Meishan Iron amp Steel 1 2 Former Shanghai Meishan Group 2 Shareholders 3 Data 4 References 5 External linksHistory EditMeishan Iron amp Steel Edit The steel plant at Meishan Iron Mine zh in Yuhuatai District Nanjing was founded in 1969 3 4 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 5 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 6 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 7 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 amp Steel at Shanghai Stock Exchange 8 9 by selling 74 01 shares of Meishan Iron amp Steel to its listed subsidiary Baoshan Iron and Steel for a valuation of 5 469 billion RMB 7 389 billion RMB total value times 74 01 shares The deal was completed in 2005 10 In 2008 Meishan Iron amp Steel signed a contract with Praxair to build two more new air separation plants in Meishan 11 In 2018 it was announced that the steel plant of the company would be relocated to Yancheng Jiangsu Province in the 2020s 12 Former Shanghai Meishan Group Edit Shanghai Meishan Group Co Ltd Chinese 上海梅山 集团 有限公司 was the holding company of Meishan Iron amp Steel and other subsidiaries It was founded in 1994 5 Meishan Group merged with Baosteel Group in 1998 6 8 The assets of Meishan Group were absorbed by Baosteel Group Shanghai Meishan Co Ltd Chinese 宝钢集团上海梅山有限公司 some time later After the partial demerger in 2004 Baosteel Group Shanghai Meishan Ltd still owned Shanghai Meishan Mining Chinese 上海梅山矿业有限公司 incorporated in 1995 the mining company in the unlisted portion of the conglomerate The company became part of Nanjing Meishan Metallurgical Development Chinese 南京梅山冶金发展有限公司 a subsidiary of Baosteel Group Shanghai Meishan Co Ltd in 2010 As at 31 December 2015 Baosteel Group Shanghai Meishan Co Ltd had net assets of just 1 366 billion RMB 13 much smaller in size than its sister company Meishan Iron and Steel Shareholders EditAs of 31 December 2014 2 Baoshan Iron and Steel 77 04 14 a wholly owned subsidiary of China Development Bank 9 14 China Orient Asset Management 7 02 a subsidiary of the Government of Nanjing 6 80 Data EditYear Turnover Result Total Assets Net Assetsas Shanghai Meishan Group1994 15 2 1 billion 170 7 million 4 2 billion 1 7 billion19951996as Meishan Iron and Steel in a consolidated basis 2003 9 6 0 billion 585 0 million 11 6 billion 6 1 billion2004200520062007 13 0 billion 1 1 billion 13 9 billion 11 2 billion2008 16 14 3 billion 0 3 billion 20 3 billion 11 5 billionReferences Edit Government database in Chinese a b c 上海梅山钢铁股份有限公司2014年度报告 2014 Annual Report Shanghai Meishan Iron and Steel Co Ltd in Chinese Shanghai Clearing House 30 April 2015 Retrieved 6 October 2016 Shanghai Meishan Iron amp Steel Co Ltd Private Company Information Bloomberg bloomberg com Retrieved 2017 03 08 李园园 王林盛 25 April 2019 在坚守与变革中砥砺前行 上海梅山钢铁股份有公司迎来建厂50周年 XinhuaNet in Chinese China Archived from the original on May 18 2021 Retrieved 1 December 2019 a b 上海市地方志办公室 www shtong gov cn Archived from the original on 2004 09 02 a b Official Journal 1998 N 30 PDF in Chinese State Council of China 22 December 1998 Retrieved 12 October 2016 关于深化大型企业集团试点工作 范坤 新浪博客 a b 宝钢集团上海梅山有限公司 简称 梅山公司 Baosteel Group Shanghai Meishan Co Ltd Meishan Co in short in Chinese Baosteel Group Retrieved 6 October 2016 a b 关于资产收购及关联交易的公告 Announcement of Acquisition of Assets and Related Parties Deal PDF Baoshan Iron and Steel in Chinese archive of Shanghai Stock Exchange 12 August 2004 Retrieved 6 October 2016 2005 Annual Report PDF Boshan Iron and Steel in Chinese archive of Shanghai Stock Exchange 29 March 2006 Retrieved 12 October 2016 Praxair China Expands Supply Agreement with Meishan Iron amp Steel Praxair 1 April 2008 Retrieved 6 October 2016 省政府与宝武集团签署 战略合作协议 梅钢将从南京迁往盐城 Press release in Chinese China 南京投资与规划处 2018 12 05 Retrieved 1 December 2019 宝钢集团上海梅山有限公司关于披露2015年年度报告的公告 2015 Annual Report in Chinese Baosteel Group Shanghai Meishan Co Ltd 29 April 2016 Retrieved 6 October 2016 via Shanghai Clearing House 2015 Annual Report PDF Baoshan Iron and Steel in Chinese archive of Shanghai Stock Exchange 31 March 2016 Retrieved 3 October 2016 96梅山债 sh129703 债券公告 新浪财经 新浪网 2008 Annual Report Meishan Iron and Steel in Chinese Chinabond com cn 24 April 2012 Originally published in 2009 Retrieved 7 October 2016 External links EditOfficial website of Baoshan Iron and Steel Co Ltd in Chinese Official website of Baosteel Group Shanghai Meishan Co Ltd in Chinese Retrieved from https en wikipedia org w index php title Meishan Iron and Steel amp oldid 1105884089, wikipedia, wiki, book, books, library,
