Fushun Special Steel tender offer nears end

The tender offer for Fushun Special Steel (SSE:600399) by Jincheng Shazhou is scheduled to conclude on September 10, 2025. The offer, priced at 5.60 yuan per share, aims to acquire 98,605,000 shares, representing 5% of Fushun Special Steel's total share capital. As of September 2, 2025, the total number of pre-accepted shares stood at 839,800, approximately 0.043% of the company's total share capital.

The tender offer period commenced on August 12, 2025, and will end on September 10, 2025. Shareholders are reminded that during the final three trading days—September 8, 9, and 10, 2025—pre-accepting shareholders will not be able to withdraw their acceptance of the offer. This partial tender offer is part of Jincheng Shazhou’s strategy to increase its stake and strengthen control over Fushun Special Steel.

The acquisition funds, totaling 552,188,000 yuan, are sourced from Jincheng Shazhou's own capital and self-raised funds, with a bank guarantee provided to the China Securities Depository and Clearing Corporation Limited Shanghai Branch. This ensures the acquirer's ability to fulfill its obligations under the tender offer.