The acquisition of Jilin Carbon share reform of split by Sinosteel was passed on the first temporary shareholder meeting on April 25, 2006, with 89.45% of the votes. Highly approved by the market, the successful share reform of Jilin Carbon is a share reform innovation of China security market, which proves the high expectation and good wishes of the investors on Sinosteel and marks the breakthrough of Jilin Carbon merger bottleneck. It integrated the share merger, recombination of liabilities and share split to create a win-win situation, which lays good condition and foundation for the recombination of Jilin Carbon by Sinosteel.Since March 20, 2006 when Jilin Carbon declared share reform of split, as the major shareholder of Jilin Carbon, Sinosteel took into consideration the interest of both the tradable shareholders and the non-tradable shareholders, co-settle the share reform of split, share purchase and liability recombination together with Jilin Carbon. Having communicated with shareholders through various channels and after the pass of the reform plan, Sinosteel will fully exert its shareholder’s influence and its advantages in technological R & D, raw material purchase and product sale by product structure modulation and acceleration of technological reform to speed up the production scale and economic benefit of Jilin Carbon. Meanwhile, with Jilin Carbon as the beginning, Sinosteel will further integrate the carbon industry and put Jilin Carbon as the example in the world carbon industry to bring beneficial feedback and a bright future.
| Home > News > Group News |
Jilin Carbon Share Reform Plan Passed by an Overwhelming Majority
The acquisition of Jilin Carbon share reform of split by Sinosteel was passed on the first temporary shareholder meeting on April 25, 2006, with 89.45% of the votes. Highly approved by the market, the successful share reform of Jilin Carbon is a share reform innovation of China security market, which proves the high expectation and good wishes of the investors on Sinosteel and marks the breakthrough of Jilin Carbon merger bottleneck. It integrated the share merger, recombination of liabilities and share split to create a win-win situation, which lays good condition and foundation for the recombination of Jilin Carbon by Sinosteel.Since March 20, 2006 when Jilin Carbon declared share reform of split, as the major shareholder of Jilin Carbon, Sinosteel took into consideration the interest of both the tradable shareholders and the non-tradable shareholders, co-settle the share reform of split, share purchase and liability recombination together with Jilin Carbon. Having communicated with shareholders through various channels and after the pass of the reform plan, Sinosteel will fully exert its shareholder’s influence and its advantages in technological R & D, raw material purchase and product sale by product structure modulation and acceleration of technological reform to speed up the production scale and economic benefit of Jilin Carbon. Meanwhile, with Jilin Carbon as the beginning, Sinosteel will further integrate the carbon industry and put Jilin Carbon as the example in the world carbon industry to bring beneficial feedback and a bright future.