en.Wedoany.com Reported - Liuzhou Iron & Steel Co., Ltd. (referred to as "Liuzhou Steel") announced on June 30, 2026, that the company plans to acquire a 13.00% equity stake in Guangxi Iron & Steel Group Co., Ltd. from Guangxi Liuzhou Iron & Steel Group Co., Ltd. through a combination of share issuance and cash payment, along with raising supporting funds. On June 29, 2026, the company received a notice from the Shanghai Stock Exchange titled "Notice on Accepting the Application of Liuzhou Iron & Steel Co., Ltd. for Issuing Shares to Acquire Assets and Raising Supporting Funds," deciding to accept the application and proceed with the review in accordance with the law.
Founded in 2000, Liuzhou Iron & Steel Co., Ltd. is a mega-scale integrated steel enterprise in China, ranking among the Top 500 Chinese Enterprises. The company has developed a product system covering over 60 series and more than 500 varieties, including medium and heavy plates, continuous rolling medium sections, high-speed wire rods, small sections, hot-rolled wide strip, cold-rolled sheets, and hot-dip galvanized coils. Multiple product series have received the National Metallurgical Product Physical Quality "Golden Cup Award" and certifications from internationally authoritative institutions. The company's products are well-sold in the domestic market and exported to dozens of countries and regions across Asia, Africa, Europe, and the Americas. Over the past decade, the company has completed more than 500 technologically advanced energy-saving and environmental protection projects, effectively ensuring zero discharge of industrial wastewater and comprehensive recycling and utilization of all waste slag and exhaust gases. In 2020, it was successfully selected as one of the fifth batch of "Green Factories" by the Ministry of Industry and Information Technology.
Guangxi Iron & Steel Group Co., Ltd. is a key steel production base under Guangxi Liuzhou Iron & Steel Group Co., Ltd. This acquisition of a 13% stake in Guangxi Steel by Liuzhou Steel through share issuance and cash payment, along with raising supporting funds, aims to further integrate steel assets within the group and enhance the asset quality and profitability of the listed company. After accepting the application documents, the Shanghai Stock Exchange will conduct a review in accordance with the law.
