Qinghai Province-based Chinese steelmaker Xining Special Steel Co. has announced that it has decided to sell off its wholly-owned subsidiary Qinghai Province-based Dulan Xigang Mining Development Co., Ltd and thus maintain a primary focus on its steel business.
In the January-September period of the current year, Dulan Xigang Mining Development recorded an operating revenue of RMB 40.7133 million ($5.93 million), with a net loss of RMB 49.1097 million ($7.15 million).