Baowu Steel Begins To Act As Trustee Of TISCO

- Dec 28, 2020-

On 25 December, TISCO Stainless Steel announc ed that Shanxi State-owned Capital Operation Co., Ltd., Baowu Steel and TISCO sianed the "oratuitous transfer transitional period management arrangement agreement for TISCO". During the period from signing date of the transitional period agreement to completion date of gratuitous transfer equity change commercial registration, Baowu Steel will act as the trustee of TISCOOn 21 Auqust. Shanxi State-owned Capital Operation Co., Ltd. and Baowu Steel signed the gratuitous transfer agreement, according to which the former will transfer 51% euities of TiSCO to the latterin a gratuitous manner. Based on the transitional period agreement arrangements, TISCO's shareholdina structure, board of directors and management will maintain the status auo durina the transitional period andl all parties will work closely to keep TISCO's business operation, board of directors and management steady.Once receiving all approvals for the gratuitous transfer, all parties will make ioint efforts to complete TISCO's equity change commercial reoistration and other settlement arrangements as soon as possibleAccording to the announcement, by the signing date of the transitional period aqreement. Shanxi Stateowned Capital Operation Co. Ltd. held 100% equities of TISCO and TISCO held approximately 3.61 billion shares of TISCO Stainless Steel, accounting for 63.31% of the total. After the qratuitous transfer is concluded Baowu Steel will hold 51% equities of TISCO and be an indirect shareholder of TISCO Stainless Steel, ano the State-owned Assets Supervision and Administration Commission of the State Council, the controlling shareholder of Baowu Steel, will be the actual controller of TISCO Stainless Steel.


Product Description




Galvanized Steel Pipe
Name
Seamless steel pipe
Standand
GB, ASTM A53, ASTM A106, API 5L, API 5CT
Outer Diameter
1/8 inch-16 inch 
Wall Thickness
2.5mm-40mm
Material
10#  20#  45#  16Mn, Q345, X42, X52,X60
Surface treatment
Rust-proof black painting or as customer's request.
Certification
SGS, ISO9001
Technique
Hot-rolled/Cold-drawn/Hot-expanded
Usage
For conveying gas, water and oil either in the oil or natural gas industries.
Our products

More details

Laboratory

We have own test lab to ensure the quality. The equipment can do the tensile test, yeild test along with elongation test. Move over the Sino Steel Impex have its own 5+ Quality Control team with 10+ years experence except the QC people in ites factories.

Factory

Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.

No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.

CSPG  has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation. 


We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.


Related Products

Galvanized Steel Pipe


Square & Rectangular Steel Tube


Steel Coil


Photovoltaic Bracket

Scaffold Pipe

Spiral Steel Pipe

FAQ
1.Are you trading company or factory?
We have our own production line and also is steel distributor
2.How is your Payment Term?
T/T,L/C AT SIGHT OR USANCE LC,D/P IS WORKABLE AFTER OUR INVESTIGATION
3.What's your delivery time?
Normally,it is about 15-30 days but we should delivery as soon as possible