International industry: Reorganization by the SFC approved the conditions

Events: The company's major asset sales, purchase and related transactions to obtain a conditional review, in accordance with the relevant provisions, the company's shares will be on the October 18, 2010 recovery. Analysis: 1. According to November 26, 2009, the company and the casting pipe group, casting pipe shares, casting pipe Resources signed on the coking company's "reorganization agreement", the company holds 13.7% of the coal-char company (200 million yuan) to increase capital, after the completion of the total holding of investment casting pipe 30% Equity, casting shares in cash contribution 32, 0 yuan, after the completion of the investment, the holding of 40% stake in the casting pipe, the casting pipe group to increase the capital of 80 million yuan, the completion of the increase in the possession of 30% equity casting pipe resources.　　At the same time, by the casting of resources by the company held the coking Company's remaining 86.3% equity. 2. Coking industry and downstream iron and steel enterprises to form the integration of steel Coke cycle development model is the future trend of industrial development, through the cooperation with the casting pipe group, on the one hand, we can achieve complementary advantages, and jointly enlarge and strengthen the integrated industry of Steel coke, share the industry value-added benefits and synergies, on the other hand, through cooperation with downstream enterprises,　　Can make the company out of the coke market oversupply, profit decline in the unfavorable situation. 3. The casting pipe resource obtains the coal Char company all equity, will invest constructs 2 phase 700,000 ton coking project, the total Coke production capacity achieves 1.4 million tons, the international industry holds 30% equity, equal to occupy 420,000 ton Coke production, this with international industry exclusive coking Company 2009 annual production plan 40.45 million tons basically consistent　　, International Industrial holdings of 30% equity future returns will bring good profit growth. 4. The company's share price has recently been adjusted to suggest concern. (Yang Xiangui)