of China to be a listed company. It was also the largest H shares initial public offering at that time. After the split, Masteel Group had transformed into a holding company which owns the controlling stake of the listed company, as well as other auxiliary divisions such as education, hospitals and mining. According to news report, the unlisted portion of the group also had a property development division. In 2012, the public relation division of the group had told the journalist that the real estates were for the employees of the group, and not-for-sale to the general public. However, some of the fellow steel producers were selling their developed property to the general public. Nevertheless, Masteel Group purchased a land in 2009, but sold the land and the properties that was under construction to other investors in 2018. A section of that land had been developed by Masteel Group and the apartments and house were sold already. In 2003, the university of the group for the continuous education of the staff (), was transformed into Anhui Vocational College of Metallurgy and Technology (). The university itself was founded in 1983. In 2004, Masteel Group transferred 17 primary and secondary schools to the relevant provincial authority. In 2005, the hospital of the group was sold to the employees of the hospital, with the group retained 27.79% shares. Hengkang Medical Group (), a listed company, was attempted to purchase the hospital from the new owners in 2018. As of 2018, Masteel Group still owned 6.48% shares of the hospital. After not involving in steel business directly since the establishment of the listed subsidiary in 1993, the Masteel Group and the listed subsidiary formed a joint venture in trading scarp steel in 2012, which Masteel Group owned 55% stake of the joint venture, while the listed subsidiary owned 45% stake. In 2019, a capital increase of the scarp steel trading joint venture was announced. In terms of assets, as at 31 December 2015, Masteel Group, including the listed subsidiary, owned of total assets in consolidated financial statement in the Chinese accounting standards. In the same reporting period, the listed subsidiary owned . According to a news report, the mining subsidiary of Masteel Group () had significantly invested in mine rehabilitation, which from 2014 to the date of the news article was written (circa 2018), the subsidiary had planted 12,000 trees, as well as