Baosteel definition

Baosteel. Baoshan Iron & Steel Co., Ltd.*, a joint stock limited company incorporated in the PRC “Board” the board of the Directors of the Company “Capital Increase” the capital contribution of RMB3.861 billion by Baosteel into the Target Company pursuant to the Capital Increase Agreement, including RMB266 million as newly increased registered capital of the Target Company and RMB3.595 billion as capital reserve of the Target Company “Capital Increase Agreement” the Shareholders’ Agreement regarding Maanshan Iron & Steel Limited Company entered into by the Company, Baosteel and the Target Company on 17 April 2025, pursuant to which Baosteel agreed to make a capital contribution of RMB3.861 billion to the Target Company, of which RMB266 million is used as newly increased registered capital of the Target Company and RMB3.595 billion is used as capital reserve of the Target Company “Company” Maanshan Iron & Steel Company Limited ( 馬 鞍山 鋼 鐵 股 份 有 限 公 司), a joint stock limited company incorporated in the PRC, shares of which are listed on the Stock Exchange (Stock Code: 323) “China Baowu” China Baowu Steel Group Corporation Limited, a limited company incorporated in the PRC and a pilot enterprise of state-owned capital investment company which is 90% controlled and owned by the State-owned Assets Supervision and Administration Commission of the State Council “Directors” the directors of the Company “Equity Transfer Agreement” the Equity Transfer Agreement regarding Maanshan Iron & Steel Limited Company entered into between the Company and Baosteel and the Target Company on 17 April 2025, pursuant to which the Company agreed to transfer the Target Equity Interest held by the Company to Baosteel and Baosteel agreed to acquire the Target Equity Interest “Equity Transfer” transfer of 35.42% equity interest in the Target Company held by the Company to Baosteel under the Equity Transfer Agreement “general meeting of the Shareholders” the general meeting of the Shareholders to be held by the Company to approve, among other matters, the Equity Transfer Agreement and the Capital Increase Agreement and the transactions contemplated thereunder (namely, the Equity Transfer and the Capital Increase)
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Baosteel means Baosteel Resources International Co. Ltd.;
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Examples of Baosteel in a sentence

  • The Long Term Off-take Agreement has been signed by FMG Chichester Pty Ltd (the owner of Fortescue’s Pilbara Iron Ore and Infrastructure Project iron ore deposits), Fortescue Metals Group Ltd and Baosteel Trading Co Ltd.

  • The ultimate beneficial owner of Baosteel Engineering is China Baowu.

  • Under the terms of the MOU, Baosteel will fund the exploration of the prospective area and, if approved by a joint operating committee, will then fund the pre-feasibility and definitive feasibility studies.

  • With the Baosteel Long Term Off-take Agreement now signed, Fortescue has fully committed its first stage production target of 45Mta.

  • Given that Baosteel Resources is a company controlled by China Baowu, Baosteel Resources is also a connected person under Chapter 14A of the Listing Rules.

  • Baosteel shall pay the entire Transfer Consideration in its own funds, to the bank account designated by the Company.

  • Within 10 business days after the Completion Date and the date on which Baosteel has paid the First Equity Interest Transfer Payment, the Target Company shall complete all required procedures for the registration of changes to its market entity information in relation to this equity transfer, including the corresponding amendments to its articles of association and filing of changes to its directors, supervisors, and senior management.

  • The board of directors of the JV Company is composed of five directors, three from Baosteel Resources, one from the Company and one employee director; the chairman shall be recommended by Baosteel Resources; the JV Company will not form a supervisory committee, but will appoint a supervisor.

  • Accordingly, Hwabao Trust is an associate of Baosteel Group Corporation and therefore, is a connected person of the Company.

  • The ultimate beneficial owner of Baosteel Resources is China Baowu.