Wuhan Iron and Steel
In 1997, a subsidiary, Wuhan Iron and Steel Co., Ltd. was incorporated to listed Qingshan steel plant in Shanghai Stock Exchange, while Wuhan Iron and Steel Group was transformed into a holding company, which acquired steel plants in Ezhou, Hubei Province, and in Liuzhou, Guangxi Province (sold back to SASAC of Guangxi Province in 2015) and build a new plant in Fang-cheng-gang, Guangxi Province.