China Baowu Steel to acquire 51% stake in Magang
2019-06-03 18:29:34
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On May 31, China Baowu Steel Group signed a deal to acquire 51% stake in Magang Group Holding Co.Asian Metal CopyrightOn May 31, China Baowu Steel Group signed a deal to acquire 51% stake in Magang Group Holding Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright which is currently 100% owned by Anhui Provincial State-owned Assets Supervision and Administration Commission, according to a statement made by Maanshan Iron & Steel Co.Asian Metal Copyright which is currently 100% owned by Anhui Provincial State-owned Assets Supervision and Administration Commission, according to a statement made by Maanshan Iron Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright54% of the shares of Maanshan Iron Steel, making it the company's controlling shareholder, and the company's actual controller will become State-owned Assets Supervision and Administration Commission, with Magang Group remaining as the direct shareholder.Asian Metal Copyright ("the company") on June 2.Asian Metal Copyright, Ltd.Asian Metal Copyright After the transaction, Baowu will also indirectly hold 45.Asian Metal Copyright54% of the shares of Maanshan Iron Steel, making it the company's controlling shareholder, and the company's actual controller will become State-owned Assets Supervision and Administration Commission, with Magang Group remaining as the direct shareholder.Asian Metal Copyright54% of the shares of Maanshan Iron & Steel, making it the company's controlling shareholder, and the company's actual controller will become State-owned Assets Supervision and Administration Commission, with Magang Group remaining as the direct shareholder.
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