Xinduo Yu

June 29, 2012 16:04 ET

Xinduo Yu-News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2012) - On June 29, 2012, Xinduo Yu (the "Offeror"), in a private sale, transferred 15,000,000 common shares of Yalian Steel Corporation ("Yalian") to two third party individuals (the "Transfer"). Prior to the Transfer, the Offeror held 29,397,000 common shares representing 30.1% of the issued and outstanding common shares of Yalian. As a result of the Transfer, the Offeror now holds 14,397,000 common shares of Yalian, representing 14.7% of the issued and outstanding common shares of Yalian.

The Offeror sold the 15,000,000 common shares of Yalian in a private sale and not on a stock exchange or other market.

The Offeror sold the 15,000,000 common shares of Yalian for investment purposes only and may increase or decrease his ownership position in the future.

Contact Information

  • Xinduo Yu
    306 Russell Hill Road
    Toronto, Ontario M4V 2T6