8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Ma'anshan Steel and China Baowu Steel signs agreement on routine connected transactions

2019-12-31 17:30:01   【Print】
On December 30, 2019 Ma'anshan Iron and Steel Co.Asian Metal Copyright In total, China Baowu Steel holds a 57.Asian Metal Copyright, Ltd.Asian Metal Copyright87 million VAT excluded;; 3 The Company or its subsidiaries purchases from China Baowu Steel or its subsidiaries products including iron ores and steel scrap, etc, with the annual purchase amount not to excel RMB147 million USD21.Asian Metal Copyright ("Ma'anshan Steel Ltd.Asian Metal Copyright19 million VAT excluded.Asian Metal Copyright" or "the Company") and China Baowu Steel signed an agreement on routine connected transactions which will be effective from January 1, 2020 to December 31, 2020.

China Baowu Steel is the controlling shareholder of Masteel Group, while the latter is the controlling shareholder of Ma'anshan Steel Ltd. So via Masteel Group, China Baowu Steel holds a 45.Asian Metal CopyrightOn December 30, 2019 Ma'anshan Iron and Steel Co.Asian Metal Copyright535% stake in Ma'anshan Steel Ltd.Asian Metal CopyrightOn December 30, 2019 Ma'anshan Iron and Steel Co.Asian Metal Copyright; meanwhile, China Baowu Steel's fully-owned subsidiary Baosteel Hong Kong Investment Co.Asian Metal CopyrightOn December 30, 2019 Ma'anshan Iron and Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright640% stake in Ma'anshan Steel Ltd.Asian Metal Copyright holds a 11.Asian Metal Copyright640% stake in Ma'anshan Steel Ltd.Asian Metal Copyright640% stake in Ma'anshan Steel Ltd.Asian Metal Copyright .Asian Metal Copyright In total, China Baowu Steel holds a 57.Asian Metal Copyright175% stake in Ma'anshan Steel Ltd.Asian Metal Copyright175% stake in Ma'anshan Steel Ltd.

The newly signed agreement includes the following main points:

(1) The Company or its subsidiaries sells to China Baowu Steel or its subsidiaries products including steel products, billets, energy, accessories and related products, with the annual sales amount not to excel RMB40 million (USD5.74 million) (VAT excluded);

(2) The Company or its subsidiaries provides service to China Baowu Steel or its subsidiaries, with the annual sales amount not to excel RMB20 million (USD2.87 million) (VAT excluded);;

(3) The Company or its subsidiaries purchases from China Baowu Steel or its subsidiaries products including iron ores and steel scrap, etc, with the annual purchase amount not to excel RMB147 million (USD21.09 million) (VAT excluded);

(4) The Company or its subsidiaries purchases service from China Baowu Steel or its subsidiaries, with the annual purchase amount not to excel RMB580 million (USD83.19 million) (VAT excluded).

.Asian Metal Copyright19 million VAT excluded.Asian Metal Copyright