Jinan Iron & Steel Company’s Application of Reorganization Approved by CSRC

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November 16, 2011 - Shanghai, China - Jinan Iron & Steel Co., Ltd. ("Jigang") application for reorganization and related transaction was passed and approved at the 35th meeting of the M&A and Reorganization Committee of the China Securities Regulatory Commission ("CSRC") on November 9, 2011.   

This reorganization consists of merger and purchase of assets by issuing shares, namely, Jigang’s merger of Laigang shares and issuance of shares to Jigang Group and Laigang Group for purchase of related assets.

Grandall Shanghai Office has been retained as Jigang’s Counsel, with Mr. Fang Jie, Mr. Da Jian and Ms. Zhangyin being the key attorneys of Grandall involved in the transaction.

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