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Bo Xilai, governor of the China's northeastern Liaoning Province,
said he hopes the central government will approve plans to merge
the country's second and fifth largest steelmakers, Anshan Iron
and Steel Group Co Ltd and Benxi Iron and Steel Group Co Ltd. Anshan
Iron and Steel is the parent of Hong Kong and Shanghai-listed Angang
New Steel Co Ltd, while Benxi is the parent of Shenzhen-listed ST
Bengang Steel Plates Co Ltd. "We hope the merger can be finalized
by this year," Bo said on the sidelines of a news conference
to promote the revitalization of three northeast rustbelt provinces.
"Since Anshan Iron and Steel is directly under the jurisdiction
of the central State-owned Assets Supervision and Administration
Commission (SASAC), SASAC will play a significant role in the whole
plan. We, as the local government, will actively support it."
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