02 Dec 08 Reorganization confirmed, Handan Steel and Iron today announced suspended
Handan Steel and Iron 3.76,0.00,0.00%,)(600001SH) today announced, due to the preparation of the unprecedented material asset reorganization, its shares have been suspended according to relevant regulation. After inquiring the actual controller of Handan Steel and Iron, Hebei Steel and Iron holding limited, we know that Hebei Steel and Iron holding limited now is communicating and negotiating with relevant department and institute about this issue. Because of the uncertainty of this issue, the shares of Handan Steel and Iron will continue to be suspended.
Handan Steel and Iron said they will pay full attention to the development of this issue, and they will perform the obligation for information disclosing and disclose once a week. They will announce and start trading immediately after the issue has been confirmed.
According to the journalist of Xinmin net, the reorganization between Handan Steel and Iron and Tangshan Steel and Iron（4.55,0.00,0.00%）(000709SZ) has been carrying out under the promotion of Hebei Government. This news came out in September 2008. Affected by the media coverage, Handan Steel and Iron announced suspended on September 1, 2008. This time it announced suspended for the same reason.
Sina announced: This article is the writer’s own opinion only for the investors’ reference. Investors should undertake risk if operating as per this article.
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