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Baowu Magnesium controlling shareholder increases stake to 26.53%

July 24, 2025 at 05:30 PM UTCBy FilingReader AI

Baowu Magnesium Technology announced completion of a share transfer that strengthened its controlling shareholder's position.

Baosteel Metal, the controlling shareholder, acquired 49.6 million shares (5% of total share capital) from Mei Xiaoming and Zhu Yuehai for 11.94 yuan per share, totaling 592.1 million yuan.

Following the transaction, Baosteel Metal's holdings increased to 26.53% of total share capital. Mei Xiaoming's stake fell to 12.34% while Zhu Yuehai now holds just 0.03%.

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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