TISCO Stainless Steel: Gratuitous transfer of holding shareholder TISCO's 51% equity passes Turkish anti-monopoly review
2020-12-15 15:53:09 [Print]
TISCO Stainless Steel announced on the evening of December 14 that, the issue that Shanxi State-owned Capital Operation Co
Shanxi State-owned Capital Operation Co., Ltd . holding 100% equity of TISCO, the controlling shareholder of TISCO Stainless Steel, and China Baowu Steel with State-owned Assets Supervision and Administration Commission (SASAC) of the State Council as the controlling shareholder signed "Agreement on Gratuitous Transfer of Shares of TISCO between Shanxi State-owned Capital Operation Co . , Ltd . and China Baowu Steel Group Corporation Limited" on August 21, 2020 . According to this agreement, Shanxi State-owned Capital Operation Co . , Ltd . would transfer 51% equity of TISCO it holds to China Baowu Steel for free.
. , Ltd . would transfer 51% equity of TICSO it holds to China Baowu Steel in a gratuitous manner obtained the approval of Turkish relevant department and passed Turkish anti-monopoly review officially.
Shanxi State-owned Capital Operation Co., Ltd . holding 100% equity of TISCO, the controlling shareholder of TISCO Stainless Steel, and China Baowu Steel with State-owned Assets Supervision and Administration Commission (SASAC) of the State Council as the controlling shareholder signed "Agreement on Gratuitous Transfer of Shares of TISCO between Shanxi State-owned Capital Operation Co . , Ltd . and China Baowu Steel Group Corporation Limited" on August 21, 2020 . According to this agreement, Shanxi State-owned Capital Operation Co . , Ltd . would transfer 51% equity of TISCO it holds to China Baowu Steel for free.