FilingReader Intelligence

Fangda Special Steel's shareholder increases stake in company

March 21, 2025 at 05:01 AM UTCBy FilingReader AI

Jiangxi Fangda Iron and Steel Group, the controlling shareholder of Fangda Special Steel Technology (SSE: 600507), has completed its initial share increase, purchasing 3,497,400 shares on March 20, 2025, via centralized bidding. This move increases Fangda Iron and Steel's holding to 730,350,652 shares, representing 31.57% of the total share capital. The transaction, amounting to RMB 15,049,268, forms part of a larger plan announced on February 26, 2025, to increase holdings by between RMB 55 million and RMB 110 million. The shareholder retains the option to continue acquiring shares according to market conditions, as per its original intentions.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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