Exclusive: St Zhangtong May before the reorganization of the re-licensing SHA Steel

NetEase Finance February 15 NetEase financial editor from Sha Steel today learned that the suspension of nearly a year of St copper will be in the year before the May recovery card.　　The sand steel group became the controlling shareholder of St Copper and would hold 74.88% of the total equity.　　NetEase Financial editors also learned that in the Huai Steel special steel into the listed companies, SHA Steel Group within 5 years will not consider the overall listing.　　As a result of 2007, 2008, 2009 three consecutive losses, St Zhang copper in April 2010 to Shenzhen Stock Exchange "on high-tech Zhang Copper Co., Ltd. stock suspension of the decision", since May 7, 2010 suspended listing. December 28, 2010, St Zhang Copper Bulletin, the company has received the SHA Steel Group transferred to the SFC, said to the SHA Steel Group Notice of the company's acquisition report no objections. St Zhangtong to the SHA Steel Group private issue 1.178 billion shares, the purchase of Sand Steel holdings of Huai Steel Special Steel Co., Ltd. 63.79% of the equity.　　After the completion of the transaction, Sha Steel will become St copper's controlling shareholder holding 74.88% of the total equity, as Sand Steel's company, Huai Steel Special Steel Co., Ltd. will also complete the shell listing. 2010 years ago Three quarter, St Copper to achieve net profit-7,159.890,000 yuan, earnings per share-0.18 yuan. The company is expected to lose more than 130 million yuan in 2010.　　According to the former securities issued by the financial consultancy report, Huai Steel Special Steel's net assets evaluation value of 3.29 billion yuan. "The reason why the Huai Steel special steel, is because the Huai Steel special steel is an independent advantage of assets, no related transactions, good development potential." Sha Steel, said the relevant responsible person.