# Chongqing Steel and affiliates inject water treatment assets into Baowu Water

Chongqing Steel and seven other Baowu Group affiliates will contribute their water treatment system assets worth CNY 1.009 billion to Baowu Water Technology Co., Ltd. in exchange for equity. Chongqing Steel's share is CNY 60.68 million for a 1.339% stake.

- Type: Acquisition
- Announced: 2022-12-28
- Where: China
- Value: $145.0M (1.01B CNY)
- Status: announced
- Products: water treatment system assets
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [China Baowu Steel Group](https://endata.com/companies/37069.md) (investor)
- [Shanxi Taigang Stainless Steel](https://endata.com/companies/48088.md) (investor)
- [Chongqing Iron & Steel Company](https://endata.com/companies/67556.md) (investor)
- [Baowu Water Technology Co., Ltd.](https://endata.com/companies/67557.md) (target)
- [Guangdong Zhongnan Iron & Steel Co., Ltd.](https://endata.com/companies/67558.md) (investor)
- [Baowu Group Echeng Steel Co., Ltd.](https://endata.com/companies/67559.md) (investor)
- [Baosteel Desheng Stainless Steel Co., Ltd.](https://endata.com/companies/67560.md) (investor)
- [Xinjiang Bayi Iron & Steel Co., Ltd.](https://endata.com/companies/67561.md) (investor)
- [Xinjiang Yili Iron & Steel Co., Ltd.](https://endata.com/companies/67562.md) (investor)
- [Xinjiang Bagang Nankang Steel Co., Ltd.](https://endata.com/companies/67563.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/853594.html), 2022-12-28: "重庆钢铁(601005.SH)拟携实控人下属企业以所持水处理资产作价10亿元注入宝武水务"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.