Fushun Special Steel
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Fushun Special Steel Co., Ltd. (FSSS) is a Chinese steel maker based in Fushun, Liaoning Province. State enterprise
Dongbei Special Steel Dongbei Special Steel Group Co., Ltd. is a state-owned enterprise based in Dalian, Liaoning Province (the south most city of Northeastern China or ''Dongbei''). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) ...
was the largest shareholder of the company. The rest of the shares float in Shanghai Stock Exchange. According to the officials of the company, the steel maker supplied steel to the manufacturing of aircraft carrier of China.


History

The steel refinery was found in 1937 by Japanese
South Manchuria Railway Company The South Manchuria Railway ( ja, 南満州鉄道, translit=Minamimanshū Tetsudō; ), officially , Mantetsu ( ja, 満鉄, translit=Mantetsu) or Mantie () for short, was a large of the Empire of Japan whose primary function was the operatio ...
in the occupied zone of wartime China. The steel refinery was belong to State-owned Assets Supervision and Administration Commission (SASAC) of the Government of Fushun City, as Fushun Special Steel (Group) Co., Ltd. (). It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry) In 1999 the assets of the refinery was re-incorporated as Fushun Special Steel Co., Ltd.. In the next year the shares of the company were float in Shanghai Stock Exchange. Fushun Special Steel (Group) remained as the largest shareholder for 76.29% stake. In 2003 the shares held by the parent company was partially transferred to another state-owned enterprise
Dongbei Special Steel Dongbei Special Steel Group Co., Ltd. is a state-owned enterprise based in Dalian, Liaoning Province (the south most city of Northeastern China or ''Dongbei''). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) ...
(for 56.62% stake), which Fushun Special Steel (Group) became the second largest shareholder of the listed company for 19.67%. At the same time Fushun Special Steel (Group) became the second largest shareholder of Dongbei Special Steel for 26.53% stake. On 30 December 2010 Fushun Special Steel (Group) went bankrupted,抚顺特殊钢(集团)有限责任公司破产财产转让信息
2011-6-29 (in Chinese)
which Dongbei Special Steel received the shares of the listed company from Fushun Special Steel (Group), making Dongbei Special Steel hold 57.07% stake at that time, while the shares of Dongbei Special Steel (22.68% stake) held by Fushun Special Steel (Group) was transferred to a subsidiary () of SASAC of the Government of Liaoning Province in 2011. Due to capital increase and disposals, the shares of the listed company held by Dongbei Special Steel was diluted to 38.58% at 31 December 2015.


See also

*
Fushun Mining Group Fushun Mining Group (, FMG) is a large state-owned coal and oil shale company located in Fushun, Liaoning Province, China. The corporation consists of about 30 companies with about 28,000 employees. The main business includes coal mi ...


References


External links

* {{Steel companies of the People's Republic of China Steel companies of China Manufacturing companies established in 1937 Companies owned by the provincial government of China Companies listed on the Shanghai Stock Exchange Chinese companies established in 1937 Companies based in Fushun