FilingReader Intelligence
Maanshan Steel Approves Stock Repurchase and Product Sales Agreement
July 31, 2025 at 05:07 AM UTC•By FilingReader AI
Maanshan Iron & Steel's Extraordinary General Meeting approved the repurchase and cancellation of 21,423,400 restricted shares for CNY49,135,168 due to unmet performance targets and personnel changes. Shareholders also approved a 2025-2027 product sales supplementary agreement with China Baowu Steel Group. The capital reduction due to the share repurchase will be CNY21,423,400.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Legal opinion from Zhong Lun Law Firm (Shanghai) regarding Maanshan Iron and Steel Company Limited's repurchase and cancellation of certain restricted shares under its equity incentive planJuly 30, 2025 at 08:00 AM UTC
Maanshan Iron & Steel Company Limited notice to creditors announcementJuly 30, 2025 at 08:00 AM UTC
Legal opinion from Zhong Lun (Shanghai) Law Firm, Beijing, concerning the second extraordinary general meeting of shareholders in 2025 of Maanshan Iron and Steel Company LimitedJuly 30, 2025 at 08:00 AM UTC
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