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Baowu Magnesium: Baosteel Metal acquires 5% equity, increasing its shareholding ratio to 26.53%
Jin10 data June 25 news, Baowu Magnesium Industry announced that Baosteel Metal signed a share transfer protocol with Mr. Mei Xiaoming and Mr. Zhu Yuehai. Baosteel Metal will acquire a total of 49.5896 million shares of Baowu Magnesium Industry held by the two at a price of 11.94 yuan/share, accounting for 5% of the total share capital. The total price for this share transfer is 592 million yuan. After the transfer is completed, Baosteel Metal will hold 263 million shares of Baowu Magnesium Industry, accounting for 26.53% of the total share capital. This equity change will not cause a change in the company's controlling shareholder or actual controller.