Bengang Steel Plates: Asset swap still under review

Bengang Steel Plates Co., Ltd. (SZSE:000761) announced that further evaluation and negotiation are still needed regarding its proposed major asset replacement and related transaction with Bengang Iron and Steel. The company's plan involves swapping assets, with Bengang Steel Plates acquiring 100% equity of Bengang Iron and Steel's mining subsidiary, while Bengang Iron and Steel would receive the majority of Bengang Steel Plates assets and liabilities. The details of the swap, including asset scope and pricing, have not yet been finalized and will be subject to further board review. The company is advising investors to be aware of potential risks, including the possibility of adjustments, suspension, or cancellation of the transaction, with all official announcements to be published via officially designated channels.