Core Viewpoint - The transaction between Maanshan Iron & Steel Co., Ltd. (Ma Steel) and Baosteel Co., Ltd. involves the transfer of a 35.42% stake in Ma Steel's wholly-owned subsidiary, Maanshan Steel Co., Ltd. (Ma Steel Limited), to Baosteel for approximately 5.139 billion yuan, along with a cash capital increase of 3.861 billion yuan into Ma Steel Limited by Baosteel [1][3] Group 1 - Ma Steel will reduce its ownership in Ma Steel Limited from 100% to 51%, while Baosteel will acquire a 49% stake [1] - The transaction includes the signing of a share transfer agreement and a shareholder agreement between Ma Steel, Baosteel, and Ma Steel Limited [1] - The capital increase will consist of 266 million yuan added to the registered capital and 3.595 billion yuan to the capital reserve of Ma Steel Limited [1] Group 2 - As of February 28, 2025, the net asset valuation of Ma Steel Limited is assessed at 14.506 billion yuan, reflecting an increase of 1.977 billion yuan (15.78%) compared to the audited net assets attributable to the parent company [2] - The valuation shows a significant increase of 4.429 billion yuan (43.95%) compared to the book value of 10.077 billion yuan of Ma Steel Limited [2] Group 3 - The total consideration for Baosteel to acquire a 49% stake in Ma Steel Limited through the share purchase and capital increase amounts to 9 billion yuan [3] - The transaction is expected to optimize the capital structure of Ma Steel and enhance its capital strength, providing financial support for future development [3] - Baosteel's investment is aligned with its strategic planning and aims to leverage its competitive advantages to enhance both companies' market influence and competitiveness [4]

宝钢股份：通过收购股权、增资合计取得马钢有限49%股权 总对价90亿元 智通财经4月17日电，宝钢股份(600019.SH)公告称，公司拟以51.39亿元现金收购马鞍山钢铁股份有限公 司持有的马鞍山钢铁有限公司35.42%股权，同步以38.61亿元现金增资马钢有限，预计投资金额合计为 90亿元。本次交易完成后，公司将持有马钢有限49%股权。上述投资金额仅为预计金额，最终以经有权 备案机构备案的马钢有限的净资产评估值为基准确定。 ...

马钢股份（600808）公告，公司拟向关联方宝山钢铁股份有限公司转让全资子公司马鞍山钢铁有限公司 35.42%股权，预计交易金额约51.39亿元；宝钢股份（600019）拟以现金方式向马钢有限增资人民币 38.61亿元，公司放弃增资认缴权。交易完成后，公司持有马钢有限的股权将由100%下降至51%，宝钢 股份将持有马钢有限49%股权。交易已经公司第十届董事会第三十七次会议审议通过，尚待公司股东大 会审议。 ...