On December 9, China Securities Regulatory Commission announced that it will inspect Hubei Province-based Chinese steelmaker Wuhan Iron and Steel's planned rights offer which is intended to raise RMB 10.7 billion ($1.61 billion) in funds.
On October 17, Wuhan Iron and Steel had indicated that it would cut the size of a rights offer from the original RMB 12 billion ($1.804 billion) to RMB 10.7 billion, after excluding one of three planned projects which were to receive funds, namely a pellet production project located in Xinmiao industrial park, in Ezhou, Hubei Province.