TISCO acts as trustee of Baosteel Desheng Stainless Steel and Ningbo Baoxin Stainless Steel
2020-12-31 11:46:00 [Print]
On 30 December, the signing ceremony for TISCO's trusteeship agreements with Baosteel Desheng Stainless Steel and Ningbo Baoxin Stainless Steel was held.
On 23 December, TISCO finished equity change commercial registration with Baowu Steel as its new holding shareholder, marking the start of substantive operation of restructuring between Baowu Steel and TISCO and TISCO's membership in Baowu Steel. In order to further advance integration, the group company decided to appoint TISCO as the trustee of Baosteel Desheng Stainless Steel and Ningbo Baoxin Stainless Steel after studying in an all-round way and seeking for opinions, based on overall planning and construction as well as integration promotion of stainless steel industry.
On 23 December, TISCO finished equity change commercial registration with Baowu Steel as its new holding shareholder, marking the start of substantive operation of restructuring between Baowu Steel and TISCO and TISCO's membership in Baowu Steel. In order to further advance integration, the group company decided to appoint TISCO as the trustee of Baosteel Desheng Stainless Steel and Ningbo Baoxin Stainless Steel after studying in an all-round way and seeking for opinions, based on overall planning and construction as well as integration promotion of stainless steel industry.