Is Qingdao Iron and Steel in Rizhao a state-owned enterprise?

Qingdao Iron and Steel Group, the former key state-owned enterprise in Qingdao, ranks among the top ten enterprise groups in Qingdao with Haier, Qingdao Port and Zhong Yi Tobacco.

In May 2006, the controlling right of its state-owned shares was sold by Qingdao Municipal Government to Shenzhen Yihuitong Investment Development Co., Ltd. The registered address of this investment company in Futian District, Shenzhen is a non-state-owned company, and its business scope is industrial investment, domestic commerce and material supply and marketing. The company was incorporated in 1997 1 1.3 with a registered capital of1.90 million yuan. Is an extremely low-key investment company, basically no public information release.

Therefore, Qinggang is no longer a state-owned enterprise, but the major shareholder is a very mysterious company.