Technology Nov 30, 2021 10:39 PM (GMT+8) · EqualOcean
Cailian news agency, Nov. 30, Masteel announced that the company plans to increase the capital of Baowu qingneng with 51% equity of Masteel gas, a wholly-owned subsidiary, accounting for 2.56% of Baowu qingneng's equity. The capital increase helps the company focus on its main business. At the same time, it helps the company make full use of Baowu qingneng's professional management advantages, strengthen the production guarantee and supply capacity, reduce the company's operation and maintenance cost, and realize the safety and economy of production guarantee and supply.