Enterprise reform of Benxi Iron and Steel Group

1994 1 1 month, which was identified by the State Council as one of the 100 national pilot units to establish a modern enterprise system. 1July, 1996, with the approval of the state, it was restructured into Benxi Iron and Steel (Group) Co., Ltd. and became a large-scale iron and steel joint venture with sole state ownership. 1April, 1997, was identified by the State Council as the national 120 large enterprise group pilot unit. 1June, 1997, Benxi Steel Plate Co., Ltd. was established with steel mills, hot rolling mills and original rolling mills as the main body, and was successfully listed, issuing A shares1200,000 shares and B shares of 400 million shares. The overall labor productivity increased from 4 1259 yuan/person year in 2000 to 238,098 yuan/person year in 2007. The annual per capita wage of employees is higher than that in 2000 17 1.0 1%. 20 10 On August 2nd, Liaoning Provincial People's Government approved Liaoning Provincial State-owned Assets Supervision and Administration Commission, and agreed to reorganize Benxi Iron and Steel (Group) Co., Ltd. and Beitai Iron and Steel (Group) Co., Ltd. to establish Benxi Iron and Steel Group Co., Ltd. with a registered capital of 100 billion yuan. Provincial State-owned Assets Supervision and Administration Commission (SASAC) will perform the investor's duties and hold 0/00% shares of Benxi Steel/KLOC ... The former Steel and Beitai are temporary wholly-owned subsidiaries of Benxi Iron and Steel Group Co., Ltd., but they were cancelled after reorganization, and the parent-subsidiary system of Benxi Iron and Steel Group Co., Ltd. was re-established according to the modern enterprise system.