Baosteel Group: Intends to absorb and merge its wholly-owned subsidiary, Steel Pipe Company

Jinsan Data News on October 22, Baosteel announced that the company plans to absorb and merge its wholly-owned subsidiary Inner Mongolia Baosteel Steel Pipe Co., Ltd. After the absorption and merger is completed, the independent legal person status of the steel pipe company will be cancelled, and all assets, creditor's rights and debts, and other related rights and obligations will be legally inherited by the company.

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