Magang Steel Group (00323.HK) plans to increase the capital of Baowu Environmental Science with its holding of Baowu Water Equity, deepening the synergy of green industries.

The Wisdom Financial APP reported that on May 27, 2026, Maanshan Iron and Steel Corporation (00323.HK) announced that the 52nd meeting of the tenth board of directors approved the "Proposal on Ma Steel Limited increasing the capital of Baowu Environmental Science by holding Baowu Water Shares".