Anyang Steel to sell 34% stake in Longdu Electromagnetic

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Anyang Iron & Steel Co., Ltd. plans to transfer its 34% equity stake in Henan Angang Longdu Electromagnetic New Materials Technology Co., Ltd. through a public listing. The move aims to further optimize its business structure and focus on the development of its silicon steel projects. Upon completion of the transaction, the company will no longer hold any shares in Longdu Electromagnetic.