Gelonghui July 28th 丨Baosteel Co., Ltd. (600019.SH) announced,The shareholding company Baowu Group Finance Co., Ltd. (“Baowu Finance Company” for short) plans to absorb and merge TISCO Group Finance Co., Ltd. (“TISCO Finance Company”). After the merger, Baowu Finance's registered capital increased to 6.840 billion yuan. Baosteel Co., Ltd. and Wuhan Iron & Steel Co., Ltd., a wholly-owned subsidiary of Baowu Finance Company, both relinquished Baowu Finance's priority subscription rights for this capital increase. The total shareholding ratio of the two was diluted from 35.11% of the shares held before the merger to 26.45% of the shares held after the merger.
宝钢股份(600019.SH)：参股公司宝武财务公司拟吸收合并太钢财务公司 公司拟放弃增资优先认购权
Baosteel Co., Ltd. (600019.SH): Baowu Finance Company, a shareholding company, plans to absorb the merger TISCO Finance Corporation and relinquish priority subscription rights for capital increases
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.