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Maanshan Iron & Steel agreed to invest RMB 661.3 million in Baowu Water, a water and air treatment platform under China Baowu, in exchange for a 19.135% stake. The investment will be made in kind.
Daming International (01090) and China Baowu signed a new framework agreement for the supply of steel and metal processing services from January 1, 2021 to December 31, 2023. The agreement covers steel supply to Daming and metal processing services to China Baowu.