BaoTou Steel Union boosts subsidiary's capital with accounts receivable

Inner Mongolia BaoTou Steel Union announced that its board of directors approved a resolution to increase the capital of its wholly-owned subsidiary, Baogang Group Guyang Mining Co., Ltd. The capital increase will be executed through a portion of the company's accounts receivable from Guyang Mining Company, totaling 854,651,900 yuan, based on an assessment as of July 31, 2025.

Following this capital increase, Guyang Mining Company’s registered capital is projected to adjust to approximately 987,483,900 yuan, pending the final outcome of the industrial and commercial registration change. The board's decision was unanimous.

This strategic move is expected to help Guyang Mining Company reduce operational costs, optimize its asset structure, and enhance its economic strength. The increased registered capital is also intended to demonstrate strong financial standing to partners and clients, thereby improving its market competitiveness and fostering long-term stable development across its various business operations.