Shandong Iron and Steel terminates major asset reorganization

Shandong Iron and Steel announced on August 13 that during the reorganization trading suspension, the company learned that Shandong Province was organizing the development plan for advanced steel manufacturing industry base, which involved the reorganization targets - Yongfeng Zibo Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright99% equity of Shandong Iron and Steel Group Rizhao Co.Asian Metal Copyright and Yongfeng Iron and Steel Co.Asian Metal Copyright and Yongfeng Iron and Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright In the next three years, Yongfeng Zibo will have the risk of shutting down and relocating; Yongfeng Steel will have the risk of shutting down and relocating or making major changes to its technological process.Asian Metal CopyrightShandong Iron and Steel announced on August 13 that during the reorganization trading suspension, the company learned that Shandong Province was organizing the development plan for advanced steel manufacturing industry base, which involved the reorganization targets - Yongfeng Zibo Co.Asian Metal Copyright The company decided to terminate the planning of this major asset reorganization.Asian Metal Copyright The company originally planned to issue shares to purchase 100% equity of Yongfeng Steel, 100% equity of Yongfeng Zibo, and 37.Asian Metal Copyright The company originally planned to issue shares to purchase 100% equity of Yongfeng Steel, 100% equity of Yongfeng Zibo, and 37.Asian Metal Copyright .Asian Metal Copyright99% equity of Shandong Iron and Steel Group Rizhao Co.Asian Metal Copyright and Yongfeng Iron and Steel Co.Asian Metal Copyright, Ltd.
.Asian Metal Copyright The company originally planned to issue shares to purchase 100% equity of Yongfeng Steel, 100% equity of Yongfeng Zibo, and 37Asian Metal Copyright