Xinjiang Bayi Iron & Steel Co., Ltd. (SHSE:600581) agreed to acquire Nanjiang Iron & Steel Co Ltd. on January 17, 2013. The Board of Directors of Xinjiang Bayi approved the transaction on January 17, 2013.

Xinjiang Bayi Iron & Steel Co., Ltd. (SHSE:600581) cancelled the acquisition of Nanjiang Iron & Steel Co Ltd. on January 17, 2014.