FilingReader Intelligence

Baoshan Steel Announces Share Repurchase and Cancellation

July 21, 2025 at 08:49 AM UTCBy 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

SSE:600019Shanghai Stock Exchange
Shanghai Blue ChipSteel

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