Bayi Steel shareholders approve key transactions, elect directors

Xinjiang Ba Yi Iron & Steel (SSE:600581) convened its first extraordinary shareholders meeting of 2025, during which a series of resolutions were approved, according to company filings. Shareholders approved the estimated daily related transactions for 2025, along with its borrowing related transactions and a plan for comprehensive credit facilities from financial institutions. All of these proposals were also approved by the board, with the addition of a deputy chairman for the body.