Fangda Special Steel's major shareholder completes stake increase

Jiangxi Fangda Steel Group, the controlling shareholder of Fangda Special Steel Technology (SSE:600507), has completed its shareholding increase plan. Between March 20, 2025 and June 18, 2025, Fangda Steel acquired 26,351,347 shares via the Shanghai Stock Exchange, representing 1.14% of the total share capital, for a total consideration of CNY 109,990,053.34. Prior to the increase, Fangda Steel held 726,853,252 shares, equivalent to 31.42% of total shares. Following the increase, their holding rises to 753,204,599 shares, representing 32.56% of the total. The initial plan, announced on February 26, 2025, outlined an increase ranging from CNY 55 million to CNY 110 million, not exceeding 2% of the company's total share capital. The shareholding increase was funded through proprietary funds and dedicated loans.