company announced today the Hebei iron and additional a-share issue announcement

Event: company announced today the Hebei iron and additional a-share issue announcement: finalize this release number to 3,741,822,429 shares diablo 3 power leveling, raise funds totaled 16,014,999,996. $ 12, after the issuance of the company's total equity increased to 10,618,603,404 shares. There are two agencies investors placing diablo 3 gold,Handan iron and steel group placing of 2,407,948,870, Hebei into investment and holding group 10,933,303. Almost all large shareholders to subscribe to additional shares. Bulletin reveals shareholder in Handan iron and steel group company limited cumulative purchase 37.48 shares, total number of purchase units 37.61 shares, estimation of Handan iron and steel setThe subscription ratio is 99.5%. The integration of subsequent iron ore assets may be quickly placed on the agenda. Company commitments between the end of 2012 the capacity not less than 7 million tonnes/year of iron ore assets into listed companies.　　Projection of the time the completion of additional iron ore asset injection will soon put on the agenda. Passive convertible bond price correction, successor company may be the mainDownward revisions to relieve pressure on the 12 3 billion by the end of the convertible bond repayment. Issuing is completed, the company's total equity increased to 10.619 billion shares, convertible bond into share prices since November 24, 2011 in Tang-steel passive Yuan per share from $ 9.36 per share adjusted for $ 7.57. $ 7.57 of the conversion price is still well above the current share price, because the industry is willingDivision profit profitability financial pressure could still remained nervous, company may take the initiative to amend the late conversion price to 3 billion convertible bonds into shares. Taking into account the rest of the Group's steel assets injection, mining company capacity expansion will require large amounts of money on capital market remained relatively stronger demand. The issuance of project paves the way for the subsequent iron ore assets into iron oreStone significant impact profitability of assets affected by future price trends, we believe that the future iron ore supply and demand and industry structure is still better than steel assets.　　　　We maintain company "highly recommended" rating. (Specific content please see annex)