Thursday, January 20, 2011

Shougang shares is difficult to stop before the completion of the restructuring production capacity will be affected

 Shougang shares (000959) today announced, as of now still with the Shougang Corporation, Shougang shares in the reorganization of this consultation, this restructuring can not be implemented before the cut-off of shares in Shougang completed, Shougang shares in the period of time so the original production and management capacity are being affected.

years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
Nianxia 2005, according to the NDRC issued a document, Shijingshan District, Beijing Shougang shares in the production facilities to the end of 2010 production. Shougang shares for the protection of all shareholders, especially minority shareholders are not subject to loss, Shougang Corporation, committed to the end of 2010 will operate in a stable, with the development prospects of the Shougang iron and steel assets into shares, to ensure the continued operation Shougang shares capacity, while Shougang shares in the assets involved will be discontinued Shougang way through the replacement set out to ensure no loss of Shougang shares of corporate property.

although not in accordance with the commitment to asset replacement, Shougang Corporation, or a reassurance to investors, listed companies promise as soon as possible to reach agreement on the restructuring plan. Shougang shares reorganization of assets into the 2011 return on net assets of not less than 2010 manufacturers of Shougang shares in the state level; injection of assets since the base date of this restructuring (December 31, 2010) to the delivery of this restructuring go on the revenue generated by all listed companies. 

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