The Stock Exchange of Hong Kong Limited takes no responsibility for
the contents of this circular, makes no representation as to its
accuracy or completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
Angang New Steel Company Limited
(a joint stock limited company incorporated in the People's Republic
of China with limited liability)
(Stock Code: 0347)
ANNOUNCEMENT
Angang New Steel Company Limited (the "Company") notes certain
articles which appeared in today's newspapers about the intended
acquisition of certain assets by the Company from Anshan Iron and
Steel Group Corporation ("Angang Holding"), its controlling
shareholder.
The Company wishes to confirm that it is currently in negotiation with
its controlling shareholder on the acquisition of certain assets.
However, no definitive agreement or letter of intent has yet been
signed and there can be no assurance that any such agreement or letter
of intent will be signed.
The Company notes certain articles which appeared in today's
newspapers about the intended acquisition of certain assets by the
Company from Angang Holding, its controlling shareholder. The Company
did not authorize statements to be made to the press on this matter
and to the best of its knowledge and belief is not aware of any
statement made by any representative of the Company to the press which
could have formed the original basis of the substance of the press
articles.
The Company wishes to confirm that it is currently in negotiation with
its controlling shareholder on the acquisition of certain assets.
However, no definitive agreement or letter of intent has yet been
signed and there can be no assurance that any such agreement or letter
of intent will be signed. Further annoucement(s) with regard to the
intended acquisition will be made as and when appropriate.
The Company also confirms that, save as referred to above, there are
no negotiations or agreements relating to intended acquisitions or
realisations which are discloseable under Rule 13.23 of the Listing
Rules. Also, neither the Company nor the Board is aware of any other
matter discloseable under the general obligation imposed by Rule 13.09
of the Listing Rules which is or may be of a price-sensitive nature.
The intended acquisition may or may not take place. Shareholders and
potential shareholders are advised to exercise caution when dealing in
the shares of the Company.
Source: Stock Exchange of Hong Kong
