SASAC approves joint restructuring plan of China Baowu and Xinsteel
2022-11-10 14:35:13 [Print]
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) approved the joint restructuring plan of China Baowu and Xinsteel on November 9th
. Xinsteel's 51% equity will be officially transferred to China Baowu free of charge after the performance of the business concentration review and other matters.