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
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Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
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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
SASAC approves TISCO restructuring plan with Baowu Steel
2020-10-12 11:56:15 【Print】
According to the announcement released by TISCO Stainless Steel recently, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) approved the plan of Shanxi State-owned Capital Operation Co., Ltd. for transferring 51% equities of its wholly-owned TISCO to Baowu Steel for free on 27 September. After the deal is closed, TISCO will be a holding subsidiary of Baowu Steel and Baowu Steel will indirectly hold 63.31% shares of TICSO Stainless Steel, a listed company, through TISCO.
Baowu Steel promised that TICSO Stainless Steel will run independently in terms of procurement, production, marketing and intellectual property right after the deal.
Baowu Steel also promised that it will try to steadily advance the business integration of TISCO Stainless Steel, Ningbo Baoxin and other holding subsidiaries by asset restructuring, business adjustment, entrusted management and other means in five years and at the soonest to solve the issue of horizontal competition.
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Baowu Steel promised that TICSO Stainless Steel will run independently in terms of procurement, production, marketing and intellectual property right after the deal.
Baowu Steel also promised that it will try to steadily advance the business integration of TISCO Stainless Steel, Ningbo Baoxin and other holding subsidiaries by asset restructuring, business adjustment, entrusted management and other means in five years and at the soonest to solve the issue of horizontal competition.
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