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Dynamic: Steel finishs companies of pair of department of Chinese and Western to

From;    Author:Stand originally

Time of large half an year of last a period of time, steel group is held in the arms so that “ beauty ” returns eventually in. Learned on September 17, capital of Harbinger of American fund company sells place runs company of department of Chinese and Western of business of Australia iron ore the share of 15.2% , so medium what steel group completed companies of pair of department of Chinese and Western is comprehensive buy. This also is China ” of first abroad “ animosity that score a success buy case. “ Xu Xiangchun of my chief inspector of information of steely net ” expresses to the reporter yesterday, group of the steel in “ buys company of department of Chinese and Western in the round, our country steely course of study imports those who increase iron ore channel, the iron ore to our country went to particular function since bargain. But the iron ore crop as a result of ministry of Chinese and Western is not big, action is limited, return the successful experience of group of the steel in needing more enterprises to draw lessons from, be bought in abroad or joint-stock obtain more channel origin ” .

As we have learned, harbinger with every 6.38 bay yuan the steel in holding its stock of company of department of Chinese and Western to sell, the stock of the company of department of Chinese and Western of hold of group of the steel in making thereby rises to 98.5% .

On March 14, 2008, in steel group is opposite formally company of department of Chinese and Western of Australian iron ore initiates “ animosity ” to buy (mandatory cash should be bought about) , on April 29, board of directors of company of department of Chinese and Western makes a statement, of company of group of the steel in suggesting partner accepts China buy, buy amount to be close to 1.4 billion bay yuan (about 9.218 billion yuan of RMBs) , subsequently in steel is accelerated buy rhythm, on July 11, steel place holds equity of company of department of Chinese and Western to achieve in 50.97% , frustrated Australian Mojisen and company of department of Chinese and Western's amalgamative plan.

Xu Xiangchun expresses, because,steel group buys a success in is in the steel understanding to Australian law and convention, overseas investment experience of more than 10 years, and buy skill richly.

“ China has the entrance amount of 400 million tons of iron ore every year, and company of department of Chinese and Western is one therein small mining industry company, buy company of a mining industry to be opposite merely too great value can not arise to affect our country's current and driving iron ore demand, but the deed that buys company of foreign mining industry successfully this, still have very big demonstrative effect to the steely industry of our country, more enterprises are OK the contention that the experience of group of the steel in drawing lessons from walks along to participate in iron ore. ”



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