Bengang Steel Plates cautions on asset swap uncertainty

Bengang Steel Plates Co., Ltd. (SZSE:000761) has issued an announcement cautioning investors about the uncertainty surrounding its proposed major asset replacement and related transaction with Benxi Iron & Steel (Group) Co. The company notes that the transaction, which involves swapping Benxi Iron & Steel's mining assets for substantially all of Bengang Steel Plates' existing assets and liabilities (excluding retained items), could face adjustments, suspension, or even cancellation. The company states that key terms like the scope of assets and transaction price are not yet finalized, further deliberation will be required, and progress is being made. Bengang Steel Plates advises investors to exercise caution due to the inherent uncertainties.