FilingReader Intelligence
Baoshan Steel Announces Share Repurchase and Cancellation
July 21, 2025 at 08:49 AM UTC•By FilingReader AI
Baoshan Iron & Steel will repurchase and cancel 126,559,250 restricted A-shares from 1,762 incentive recipients at CNY 4.29 per share due to not achieving its 2024 performance targets, specifically the EVA, composite growth rate, and ROE targets. This action will reduce the company's total share capital by the same amount. The repurchase is funded by the company's own capital.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Baoshan Iron & Steel publishes news
Free account required • Unsubscribe anytime