Baotou Steel Union announces asset restructuring, equity changes

Inner Mongolia BaoTou Steel Union (SSE: 600010) has announced a series of strategic financial moves, following its latest earnings reports. In a filing, the company proposes to reduce its registered capital by cancelling 116,322,900 shares repurchased at 2.73 CNY per share, subject to shareholder approval at the upcoming general meeting. Additionally, the company projects 2025 daily routine association transaction levels with its associates including Baotou Steel (Group) and North Rare Earth, and approved financial and audit matters.