Why is there no news of Baowu's acquisition of Shangang?

Strategic reorganization.

According to enterprise inquiries, as of the evening of July 14, the announcement of Shandong Provincial State-owned Assets Supervision and Administration Commission and Baowu Iron and Steel Co., Ltd. on the strategic restructuring of Shangang Group has aroused widespread concern in the capital market.

Shandong State-owned Assets Supervision and Administration Commission and Baowu Iron and Steel Group are planning the strategic reorganization of Shangang Group, which may lead to the change of the actual controller of listed companies. 202 1, 1 1, 12, Jigang Group transferred its stock right to Shangang Group.