Here is the link to the article that points out the combined WISCO-Baotou (not Baosteel) holding would be 21%
http://www.theaustralian.news.com.au/business/story/0,28124,26175110-5005200,00.html
Baotou already have their shares - got them back in 2007 from memory, so it might be the WISCO component that has to be trimmed a bit to keep the total under 20% - unless Baotou Iron and Steel unload some of their stake to let WISCO take up their planned holding.
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