FilingReader Intelligence
Baogang Steel cuts capital in Beijing subsidiary
July 25, 2025 at 09:23 AM UTC•By FilingReader AI
Inner Mongolia Baotou Steel Union approved a capital reduction for Beijing Baogang Langrun New Material Technology, cutting registered capital from 10,000 yuan to 5,693.06 yuan.
The restructuring will reduce Baogang Steel's equity stake from 51% to approximately 39.93%, while Academician He Manchao's stake will increase from 35% to about 52.70%. Zhixingren's stake will decrease from 14% to approximately 7.38%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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