Liugang shares transfer real estate business

Liugang shares (601003) bulletin, in order to focus on the development of iron and steel industry, according to the National Real estate control related policies, the company intends to hold Liuzhou hing Good Real Estate Development Co., Ltd. 8% of the state-owned shares of all transferred to the controlling shareholder Guangxi Liuzhou Iron and Steel (group) company, the company The transfer price is not lower than the evaluation price, the current transfer is still in the examination and approval, waiting for the price to confirm the disclosure.　　After the transfer is completed, the Liugang shares no longer hold any equity interest in the Liuzhou Real Estate Development Limited liability company. Liuzhou Real Estate Development Co., Ltd. by Liu Steel Group, Liugang shares, Liuzhou Iron and steel Collective Asset Management Center (has been renamed as the June 19, 2006 Liuzhou Iron and Steel Industrial Corporation) joint investment set up. Which, Liu Steel group to cash 18 million yuan capital, accounting for hing-good real estate registered capital of 90%; Liugang shares in cash 1.6 million yuan, accounting for hing-good real estate registered capital of 8%, Liuzhou Iron and Steel Industrial Corporation in cash 400,000 Yuan capital, accounting for hing-good real estate registered capital of 2%.