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PrintBaosteel Co Ltd held the temporary shareholders' meeting recently, reviewed and passed the bill on selling the relevant assets of the stainless steel and the special steel division.
This will help to optimize the assets structure of Baosteel, improve the assets operation efficiency, enhance the product profitability and reduce the risk of the future returns. It is the strategic measure in accordance with the long-term interests of all the shareholders of Baosteel.
To keep the competitive advantage of the enterprise, maintain and improve profitability, realize the sustainable development in the severe market environment, Baosteel intends to seize the opportunity of the structure optimization and the layout adjustment of China iron and steel industry.
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