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Baosteel Group Launches the Action of Increasing Shareholding and Firmly Fulfils Its Commitment


http://finance.sina.com.cn 15:23, August 26, 2005 Jinyang - Yangcheng Evening News

Baosteel

It is reported by our newspaper that Baosteel Group has officially launched a program for G Baosteel yesterday( information quotation forum )Increase of outstanding shares. People concerned said that as long as the conditions for shareholding increase were met, this increase would continue. Within two months of the share reform, Baosteel Group will resolutely fulfill its commitment to invest 2 billion yuan. Two months later, Baosteel( information quotation forum )The repurchase fund of 2 billion yuan will also "rest on their laurels".

Yesterday, G Baosteel once fell below the commitment price of its major shareholders of 4.53 yuan, and closed at 4.54 yuan in the end.

(Li Cai)

(Guan Yu/Prepared by)


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