Pangang Group increases stake in Vanadium Titanium

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced that its controlling shareholder, Pangang Group, has increased its stake in the company. As of June 12, 2025, Pangang Group acquired 7,800,000 A shares, representing 0.08% of the company's total share capital, through centralized bidding on the Shenzhen Stock Exchange. The total cost of this acquisition was CNY 19,952,700. Following the transaction, Pangang Group directly holds 2,540,868,341 shares, or 27.34% of the total, and together with its subsidiaries, controls 3,604,376,234 shares, representing 38.78% of the total share capital. This is part of a larger plan announced in April 2025 to increase holdings by between CNY 50,000,000 and CNY 100,000,000. The group stated it would continue to increase its holdings based on the original plan.