OREANDA-NEWS. February 20, 2013. CHINA reported that Guangzheng Steel Structure Co Ltd has become the latest steel company in China to diversify into natural gas, after announcing it would buy a controlling stake in a gas distributor in the Xinjiang Uyghur Autonomous Region.

Guangzheng will pay CNY 153 million (USD 24.56 million) for a 51% stake in Artux Qingyuan Pipeline Transmission Co. Ltd., a Guangzheng representative named Wu Yang confirmed.