China's largest stainless steelmaker Taiyuan Iron and Steel Corporation (TISCO) has decided to sell assets worth RMB 3.73 billion to its subsidiary Shanxi Taigang Stainless Steel Co Ltd.
The sale includes a blast furnace and a sinter machine, as well as a 100 percent stake in Shanxi Huijin Burnt Co, another subsidiary of TISCO.
TISCO currently owns 70.53 percent of Shanxi Taigang Stainless Steel.