Examples of China Baowu in a sentence
Meanwhile, Siyuanhe Industrial Development Fund will be dissolved and will make distribution in kind to China Baowu and Desheng Group with 75% equity interests in Changshou Iron & Steel in proportion to their respective paid-in capital contributions.
China Baowu is a state-owned capital investment company wholly owned by the State- owned Assets Supervision and Administration Commission of the State Council.
On 1 April 2021, the Company entered into the Original Service and Supply Agreement with China Baowu, pursuant to which the Group agreed to provide materials to China Baowu Group and China Baowu Group agreed to provide materials and services to the Group.
China Baowu is a state-owned capital investment company wholly-owned by the State-owned Assets Supervision and Administration Commission of the State Council.
China Baowu will ensure the business independence and asset integrity of Chongqing Iron & Steel, as well as independent and integral production, supply and marketing system and other auxiliary and supporting systems.
On 8 July 2022, the Company and China Baowu entered into the Supplemental Service and Supply Agreement, pursuant to which the type of materials and services to be sold and the proposed annual caps for the transactions contemplated under the Original Service and Supply Agreement were revised.
China Baowu and its associate(s) as defined under the Listing Rules will abstain from voting thereon.
China Baowu and other enterprises under its control will not seek the priority to conclude transactions with Chongqing Iron & Steel and its subsidiaries by utilizing its control over Chongqing Iron & Steel.
China Baowu will be allocated 40% equity interests in Changshou Iron & Steel and enter into an acting in concert agreement with Strategic Emerging Fund to obtain control over Changshou Iron & Steel, thereby indirectly controlling 2,096,981,600 shares of the Company, representing 23.51% of the total share capital of the Company.
Given that Baowu Finance Company is a company controlled by China Baowu, Baowu Finance Company is also a connected person under Chapter 14A of the Listing Rules.