| Beiman Special Steel Co., Ltd. | |||||||
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| Simplified Chinese | 北满特殊钢有限责任公司 | ||||||
| Traditional Chinese | 北滿特殊鋼有限責任公司 | ||||||
| Literal meaning | North Manchuria Special Steel Limited Liability Company | ||||||
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Dongbei Special Steel Group Beiman Special Steel Co., Ltd. is a state-owned steel maker based in Qiqihar, Heilongjiang Province. Bei-man was the acronym of North Manchuria. The company is a subsidiary of Dongbei Special Steel (literally East-Northern Special Steel).
The steel refinery was found in 1952 in Fularji District, Qiqihar. The refinery was the only special steel maker in the First Five-year plan of China (1953–1957), with the aid of Soviet Union. The refinery was completed in 1957. It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry)[1]
In 1993, the steel refinery was incorporated as a subsidiary Beiman Special Steel Co., Ltd. and listed in Shanghai Stock Exchange (asSSE: 600853), which Bei Steel Group Co., Ltd. (Chinese: 北鋼集團有限責任公司) was the major shareholder for 64.32% stake.[2] In 2001, the assets of the refinery was sold back to the parent company, while the listed company was sold to another state-owned enterprise and renamed to Longjian Road and Bridge, as a reverse IPO. Bei Steel Group Co., Ltd. was also renamed to Beiman Special Steel Group Co., Ltd.. (Chinese: 北满特殊钢集团有限责任公司).
In 2004, the State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Heilongjiang, the parent entity of Beiman Special Steel, injected the steel refinery into Dongbei Special Steel, a holding company of Liaoning Government, as share capital.[3][4] The holding company became the parent company of three steel refineries in Qiqihar, Dalian and Fushun.
As at 31 December 2014 the parent company owned 58.63% stake in Dongbei Special Steel Group Beiman Special Steel Co., Ltd..[3] Heilongjiang SASAC retained the rest.[5]
