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BRIEF-Angang Steel To Buy Controlling Shareholder's Steel Unit For 5.9 Billion Yuan

July 17 (Reuters) - Angang Steel Co Ltd :

* SAYS IT AGREES TO BUY CONTROLLING SHAREHOLDER'S STEEL UNIT IN CHAOYANG, LIAONING PROVINCE FOR 5.9 BILLION YUAN ($883.07 million) IN ORDER TO BOOST CO'S PROFITABILITY Source text in Chinese: https://bit.ly/2uqHDuk Further company coverage: ($1 = 6.6812 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)