Handan Steel Group buys more shares in Hebei Steel

On July 28, Hebei-based Chinese steelmaker Hebei Iron and Steel Co., Ltd (Hebei Steel) announced that its shareholder Hebei-based Chinese steel producer Handan Iron and Steel Group Co.,Ltd (Handan Steel Group) has acquired 97.7134 million shares in Hebei Steel, equivalent to a 0.92 percent stake. In particular, Handan Steel Group bought at the price of RMB 2.89 ($0.43) per share, with the overall value of the purchased shares totaling RMB 282.61 million ($42.37 million). Handan Steel Group now holds a total of 4,218,763,010 shares in Hebei Steel, equal to a 39.73 percent stake.