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Liuzhou Iron & Steel (601003.SH): plans to introduce Guangxi Investment Lingang No. 1 Fund to increase capital for its holding subsidiary Guangxi Steel.
On December 27, Gelonghui reported that Liuzhou Iron & Steel (601003.SH) announced that, due to strategic planning and operational development needs, the company intends to introduce Guangtou Lingang No. 1 Fund to increase the capital of its holding subsidiary Guangxi Steel, with existing shareholders waiving their preemptive rights. Guangtou Lingang No. 1 Fund will increase its capital in Guangxi Steel by a total amount of 0.674 billion yuan through cash share subscription at a unit price of 1.1858 yuan per registered capital (with the first payment of 0.194 billion yuan to be completed based on actual capital contributions, and the remaining amount to be completed within 12 months from the date the trade agreement is signed), of which 0.56839 billion yuan will be included in the registered capital.
Is Liuzhou Iron&Steel (SHSE:601003) Weighed On By Its Debt Load?
Liuzhou Iron & Steel (601003.SH): Guangxi Steel No. 3 blast furnace system put into operation.
On November 18, GELONGHUI reported that liuzhou iron & steel (601003.SH) announced that its holding subsidiary, guangxi steel group co., ltd. (hereinafter referred to as "guangxi steel"), expects the 3rd blast furnace system of the Fangchenggang steel base project (Phase I) to go into production by the end of November 2024. The Fangchenggang steel base project (Phase I) plans a total of 3 blast furnaces and 4 converters, where the 1st and 2nd blast furnace systems were completed and put into operation at the end of June 2020 and the end of November 2021, respectively (see announcement: 2020-026, 2021-
Liugang Co., Ltd.: Report of Liugang Co., Ltd. for the third quarter of 2024
Announcement on the operating conditions of Liugang Co., Ltd. for the first three quarters of 2024
Report for the third quarter of 2024 of Liugang Co., Ltd.