BAO GANG UNITED STEEL to sell about 19.2% equity of Baotou Steel Pipe for RMB1 billion
2022-12-13 16:29:56 [Print]
BAO GANG UNITED STEEL announced on December 12 that the company plans to sell about 19
. 2% equity of its holding subsidiary Inner Mongolia Baotou Steel Pipe Co . , Ltd . to Baosteel Pipe Industry by means of public listing through property rights trading platform for about RMB1 billion (USD143 million) . After transaction, the company and Baosteel Pipe Industry will respectively hold 51% and 49% equity of Baotou Steel Pipe.