Liuzhou Steel to acquire 13% stake in Guangxi Steel

Liuzhou Iron & Steel Co.Asian Metal Copyright from its parent company, Guangxi Liuzhou Iron and Steel Group Company Limited.Asian Metal Copyright, Ltd.Asian Metal Copyright85 million and share consideration of RMB2,664,229,800 USD396,578,598.Asian Metal Copyright announced a proposal to acquire a 13% stake in Guangxi Iron and Steel Group Co.Asian Metal Copyright from its parent company, Guangxi Liuzhou Iron and Steel Group Company Limited.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright from its parent company, Guangxi Liuzhou Iron and Steel Group Company Limited.Asian Metal Copyright announced a proposal to acquire a 13% stake in Guangxi Iron and Steel Group Co.Asian Metal Copyright The transaction, valued at RMB3,664,229,800 (USD545,431,498), will be settled through a combination of cash and newly issued shares--comprising cash consideration of RMB1 billion (USD 148.Asian Metal Copyright54% to 77.Asian Metal Copyright85 million) and share consideration of RMB2,664,229,800 (USD396,578,598).

Upon completion of the deal, Liuzhou Steel's total issued share capital will increase from 2,634,221,771 shares to 3,261,099,377 shares. As a result, the controlling shareholder, Guangxi Liuzhou Iron and Steel Group Company Limited, will see its stake in the listed company rise from 72.Asian Metal Copyright54% to 77.Asian Metal Copyright54% to 77.Asian Metal CopyrightLiuzhou Iron Steel Co.Asian Metal Copyright82%.

.Asian Metal Copyright The transaction, valued at RMB3,664,229,800 USD545,431,498, will be settled through a combination of cash and newly issued shares--comprising cash consideration of RMB1 billion USD 148Asian Metal Copyright