GENERAL STEEL HOLDINGS INC | 2013 | FY | 3


The consolidated financial statements of the Company reflect the activities of the following major directly owned subsidiaries:
 
 
 
 
 
Percentage
 
Subsidiary
 
of Ownership
 
General Steel Investment Co., Ltd.
 
British Virgin Islands
 
 
100.0
%
General Steel (China) Co., Ltd. (“General Steel (China)”)
 
PRC
 
 
100.0
%
Baotou Steel – General Steel Special Steel Pipe Joint Venture Co., Ltd.
 
PRC
 
 
80.0
%
Yangpu Shengtong Investment Co., Ltd. (“Yangpu Shengtong”)
 
PRC
 
 
99.1
%
Tianjin Qiu Steel Investment Co., Ltd. (“Qiu Steel”)
 
PRC
 
 
98.7
%
Longmen Joint Venture
 
PRC
 
 
VIE/60.0
%
Maoming Hengda Steel Company, Ltd. (“Maoming Hengda”)
 
PRC
 
 
99.0
%

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