Baosteel to clarify the rumors: Hong Kong to finance 60 billion is

Release Date：2013/1/29 14:02:38 | Posted by：Dongguan Aohong Electronics Co., Ltd

April 28, Baosteel Group related to the reporter to clarify, "Baosteel will be listed in Hong Kong to raise funds of 60 billion yuan for the the Zhanjiang project financing," saying wrong. 4 from 25 to 28, the news occupy a prominent position of major media; However, the signs have shown that media coverage is not groundless.

 

On April 26, several media reports said Baosteel Group Chairman Xu Lejiang Baosteel considering overseas listing or for Zhanjiang project financing.

 

In this regard, on the 28th, a staff member of the public relations department of Baosteel Group explained that many media are reproduced in the April 25 issue of Bloomberg Baosteel Zhanjiang project funding on Baosteel overseas listing may Overseas issuance of stock, and $ 8.6 billion Zhanjiang project financing, "the article. According to the source, the Bloomberg news agency that the English version of the article no mistake, the real meaning may be reproduced in the process, the translator to grasp or understand English, resulting in some degree of error turn .

 

Above Baosteel staff said: "In fact, Baosteel listed overseas partner in the process of looking for Baosteel have not mentioned order Zhanjiang project to the listed overseas fund-raising." According to him, Baosteel's overseas listing plan, is the former director of long reign have been identified.

 

The spokesman told reporters that, in fact, some people ignore the first half of the title of the article - "Baosteel may be issued overseas stock". Throughout Bloomberg said only a possibility, not the release of the latest information.

 

28, the Hong Kong Economic Times, Baosteel Group Chairman Xu Lejiang said, have been high-level meetings to discuss the New York Stock Exchange listing requirements.

 

This statement, the reporter has been confirmed in the Baosteel Group website. April 24, reproduced Baosteel Daily article said Chairman Xu Lejiang met in Baosteel Tower New York - Euronext CEO Duncan Niederauer and his party, saying "Mr. Duncan purpose of this trip is to promote Baosteel and other mutual understanding of the Chinese enterprises to open up overseas financing channels for Chinese enterprises.

 

28 above Baosteel Group in charge of public relations staff told this reporter that exactly the same situation, Baosteel overseas listing of the progress now announcement. Reporter access to Baosteel (market share it) Notice, see, "As of January 12, 2007, Baosteel has not yet started the overseas listing of the preparatory work, no substantial start the program."

 

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