□ Our reporter Tian Lu
Daye Special Steel The controlling shareholder Hubei Xinye Steel Co., Ltd. today disclosed the exercise result of the put right distributed by it.
The put right distributed by Hubei Xinye Steel Co., Ltd. to all shareholders of outstanding shares of Daye Special Steel without restrictions on sales entered the exercise period from February 7, 2007. The exercise date was 30 natural days from February 7, 2007 to March 8, 2007, and the exercise price was RMB 3.80 per share. During the above exercise period, out of the 167040000 put rights distributed, a total of 38060 put rights held by 30 shareholders were exercised. The shares after the exercise of such put rights will be disposed of in accordance with the relevant provisions, and the put rights that have not been exercised will be cancelled on March 9, 2007.
