Baoshan Iron & Steel and its parent Baosteel Group have agreed to invest a total of 10 billion yuan (HK$12.3 billion) to take a minority stake in PetroChina's third west-to-east natural gas...
Shanghai Baosteel Group Corporation, usually known as Baosteel is a state-owned steel company which is one of the biggest steel producers in the world, based on output. Its 2000 initial public offering in Shanghai was the largest in China at the time even though it was restricted to domestic investors.
Baosteel Group, the mainland's second-biggest steel producer, has begun moving part of its production facilities out of Shanghai in response to the city's efforts to reduce pollution.
China's leading steel manufacturer Baosteel's share divestment in China Construction Bank last week signals large state-owned enterprises hit hard by overcapacity could need to further jettison...
Baosteel Group, China's second-largest steel producer, has mandated Bank of China as lead manager and book-runner for a proposed yuan-denominated bond offering.
Shenzhen Development Bank has won shareholders' approval to sell a 5.44 per cent stake to Baosteel Group for 4.22 billion yuan to help ease its financial needs.
Baoshan Iron and Steel, the listed arm of the mainland's largest steelmaker, said it might buy its parent's stake in a planned 19 billion yuan steel mill when the time is ripe.
Xie Qihua yields to younger leaders after building the firm into a 142b yuan group
Xie Qihua, known as the 'Iron Lady', has finally stepped down as chairwoman of Baosteel Group, China...
Baosteel Group, China's largest steelmaker, has started laying the groundwork for its long-awaited overseas listing by engaging in talks with financial intermediaries, industry sources said.
In keeping with moves to promote transparency, top steelmaker buys shares in rival on the open market