Ge Long Hui A P P·2025-09-22 10:51Core Viewpoint - Maanshan Iron & Steel Company Limited (600808.SH) announced a capital reduction agreement involving its subsidiary Maanshan Limited and Baowu Water and 18 other shareholders, resulting in a significant decrease in its equity stake in Baowu Water from 14.977% to 3.151% [1] Group 1 - The capital reduction agreement was signed in Baoshan District, Shanghai, and involves three shareholders, including Maanshan Limited, while the remaining 16 shareholders, all subsidiaries of Baowu Group, will not participate in the reduction [1] - Baowu Group is the indirect controlling shareholder of Maanshan Iron & Steel, and the transaction is classified as a related party transaction under the regulations of the Shanghai Stock Exchange and the Hong Kong Stock Exchange [1]