According to the Zhitong Finance App, Shagang Co., Ltd. (002075.SZ) announced a plan to issue A-shares to specific targets in 2026. The target of this offering is Ningbo Meishan Bonded Port Jincheng Shazhou Equity Investment Co., Ltd., which plans to subscribe for all shares issued by the company in cash. Ningbo Meishan Bonded Port Area Jincheng Shazhou Equity Investment Co., Ltd. has signed a “Conditional Share Subscription Agreement” with the company. The total amount of capital to be raised in this offering will not exceed 2 billion yuan (including the number of shares). The net amount of capital raised after deducting issuance fees will be used to supplement working capital or repay bank loans.

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