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Anyang Iron & Steel secures loan for increased holdings

June 16, 2025 at 12:04 PM UTCBy FilingReader AI

Anyang Iron & Steel Co., Ltd. (SSE:600569) announced that its controlling shareholder, Anyang Iron & Steel Group, has received a loan commitment letter from Shanghai Pudong Development Bank for a special loan of up to CNY 63.2 million to finance increased holdings of the company's stock. The loan, aimed at supporting Anyang Iron & Steel Group's previously announced shareholding increase plan, has a term of three years, with the loan amount not exceeding 80% of the increased holding amount. The company stated that the source of funds for the increased holdings would be adjusted from "own funds" to "own funds and self-raised funds." As of June 12, 2025, Anyang Iron & Steel Group had cumulatively increased its holdings by 24,848,817 shares, totaling CNY 41,555,332.54 (including transaction taxes), bringing its total stake to 67.65% of the company’s total share capital.

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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