Sinosteel Be Awarded the Best China Trade and Overseas Mergers & Acquisitions Award 2008

On January 15, 2009, hosted by Treasury, the awarding ceremony of 3A Prize 2008 held in Hongkong, Sinosteel be awarded the best China trade and overseas mergers & acquisitions award 2008, with its successes take stake in Australia’s Midwest Corporation. On invitation, Vice General Manager Jiang Hong attended the ceremony.Sinosteel Corporation official take that it now holds a controlling stake of 100% of Midwest on September 2008. Midwest Corporation is an ASX-listed MIS organization developing iron ore and steel materials projects from one of the largest land holdings in the expanding mid west resources region of WA. This is the first successful hostile takeover of an overseas firm by a Chinese state-owned entity and it is of great significance to future Sino-Australian trade and economic partnership.