Shan Steel Group plans major asset reorganization

Jinan Iron and Steel (600022) and Laiwu Steel shares (600102) at the same time issued a notice, because of the Shandong Iron and Steel Group Co., Ltd. was informed that the group is planning a major asset reorganization related to the company, because the matter may involve significant precedent-free matters, After the publication of the Bulletin to the relevant departments for policy advice and programme demonstration, so there is uncertainty about the matter.　　The company's shares have been suspended since September 9, 2010. According to the restructuring plan introduced in February this year, Jinan iron and steel will be the replacement of shares in the merger of Laiwu Steel.　　Jinan Iron and steel for the share price of 5.05 yuan per share, Laiwu Steel shares for the share price of 12.29 yuan per share, the determination of Laiwu steel shares and Jinan iron and steel Stock exchange ratio of 1:2.43. At the same time, the dissident shareholders of Jinan Steel and Laiwu steel shares may, according to the price of 5.05 yuan/unit and 12.29 yuan/share, to the Shandong Iron and steel Group to exercise the right to choose cash. However, due to market volatility, the two companies fell back to the suspension, the two companies share price of 4.11 yuan and 9.28 yuan respectively.