Xinyu Iron & Steel: Shareholder boosts stake to 46.42%

Xinyu Iron & Steel (SSE:600782) announced that its controlling shareholder, Xinyu Iron and Steel Group, has increased its holdings in the company's A shares to 46.42% as of April 29, 2025. The Group acquired an additional 3,148,800 shares through the Shanghai Stock Exchange, representing 1% of the total share capital, for a total consideration of CNY 11,885.02 million. This acquisition is part of a previously announced plan to increase its holdings by between CNY 150 million and CNY 300 million, not exceeding 2% of the company’s total share capital. The initial announcement was made on August 23, 2024, and the plan is valid for 12 months from that date. Xinyu Iron & Steel affirmed that the increase does not trigger a mandatory takeover bid and will not change the company's controlling shareholder or actual controller. The Group retains the option to continue increasing its holdings in the company.