Anyang Steel has adjusted its 2026 private placement plan, extending the lockup period for shares subscribed by its controlling shareholder Anyang Iron and Steel Group from 18 months to 36 months. The revised plan also changes the pricing base date to the first day of the issuance period, and raises the issue floor price from 80 percent to 90 percent of the average trading price over the prior 20 trading days, in order to better protect the interests of minority shareholders. If the 1.5 billion yuan placement is successfully implemented, it is expected to reduce the company's asset-liability ratio by about 3 percentage points and cut annual financial expenses by approximately 60 to 80 million yuan. As the controlling shareholder, Anyang Iron and Steel Group's full subscription and 36-month lockup demonstrate confidence in the company's future development. The company is advancing its transformation toward high-end special steel. Since 2026, output of high-end products has grown rapidly, with total production of advanced steel materials from the hot continuous rolling mill up 224.4 percent year on year, and output of high magnetic induction grain-oriented silicon steel up 355.9 percent year on year.
Anyang Iron & Steel IncPrivate placement with extended lockup and full subscription by controlling shareholder signals confidence and improves financials.
