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    Bayi Iron & Steel to acquire related assets of holding shareholder

    2017-08-15 18:24:00   [Print]
    According to the announcement of Bayi Iron & Steel Co.Asian Metal CopyrightAccording to the announcement of Bayi Iron Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright on the evening of August 10th, it will probably purchase related assets of iron, energy, logistics and others owned by Xinjiang Bayi Iron & Steel Group Co.Asian Metal Copyright under Baosteel Group by cash, but the actual payment term has been uncertain.Asian Metal Copyright, Ltd.Asian Metal Copyright In accordance with the requirement, Bayi Iron Steel shall completely tear down 1 electric furnace of low efficiency before late 2017, which will be helpful for them to improve running quality of assets and the competiveness in the market.Asian Metal Copyright under Baosteel Group by cash, but the actual payment term has been uncertain.Asian Metal Copyright on the evening of August 10th, it will probably purchase related assets of iron, energy, logistics and others owned by Xinjiang Bayi Iron Steel Group Co.Asian Metal Copyright Bayi Iron & Steel started to stop the transaction of shares on August 14th and it is expected that they will probably stop the transaction for no more than 1 month.
    　　
    Bayi Iron & Steel noted that they have received the notification from Baowu Group about task adjustment on dissolving excessive capacity. In accordance with the requirement, Bayi Iron & Steel shall completely tear down 1 electric furnace of low efficiency before late 2017, which will be helpful for them to improve running quality of assets and the competiveness in the market.


    .Asian Metal Copyright Bayi Iron Steel started to stop the transaction of shares on August 14th and it is expected that they will probably stop the transaction for no more than 1 monthAsian Metal Copyright
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