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 Finance and Economics

Handan Steel JTB1: Buyout Concept Warrant Baosteel covets

http://www.sina.com.cn 03:55, February 13, 2007 China Securities Network - Shanghai Securities News

   Handan Steel (600001) During the share reform, its major shareholder Handan Iron and Steel Group Co., Ltd. issued 925.7 million warrants in total. As of November 30 last year, it held 1.8822749.4 billion shares of Handan Iron and Steel Hangang JTB1 After the exercise, its shareholding will decrease to 956.57 million shares.

Baosteel's affiliated company raised its brand of Handan Iron and Steel last year. If Baosteel wants to further acquire Handan Iron and Steel, it only needs to "get" 840.4 million warrants in theory, and can easily become a major shareholder of the company after the exercise.

The latest exercise price of Handan Iron and Steel JTB1 is 2.73 yuan, and the latest price is close to 3.03 yuan, which is very close to the current price of the corporate stock. The opportunity to be acquired is far greater than the corporate stock. With the expiration date approaching on April 4, whether it is further "action" of Baosteel or anti acquisition of Handan Iron and Steel, it is undoubtedly worth paying attention to. (Chase

negotiable securities Dong Zheng)


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