Baowu Magnesium to list restricted shares in March

Baowu Magnesium Technology (SZSE:002182) announced the upcoming listing of 86,800,000 restricted shares, accounting for 8.75% of the company's total share capital. These shares, previously held under lock-up, will become tradable on March 10, 2025. The shares were initially issued to Baowu Steel Metal Co. as part of a specific object offering approved in 2023. Following the share issuance, Nanjing Yunhai Special Metals changed its name to Baowu Magnesium Technology.