Bengang Steel Plates: Asset swap still under consideration

Bengang Steel Plates (SZSE:000761) announced that its proposed major asset swap with Bengang Iron and Steel (Group) is still under consideration. The company is conducting further due diligence on the feasibility and compliance of the deal, which involves Bengang Steel acquiring 100% equity of Bengang Iron and Steel (Group) Mining in exchange for divesting all assets and liabilities except for retained assets and liabilities. The difference in value will be settled in cash. Bengang Steel Plates cautioned investors that the deal is not yet finalized, and key elements like the scope of assets and transaction price remain undetermined. The company also warned that the deal could still be adjusted, suspended, or canceled. The next board review will occur after more items are determined.