Zhitong Financial APP learned that the Shenzhen Stock Exchange sent a letter of inquiry on restructuring to Shougang (000959.SZ) on December 10. The inquiry letter points out that on December 1, 2021, Shougang Express disclosed the report (draft) on Beijing Shougang Co., Ltd. issuing shares to purchase assets and raising supporting funds and related party transactions. According to the report, there have been five capital increases since the establishment of the steel trading company. On April 15, 2021, the steel trading company held a shareholders' meeting and agreed to increase the registered capital by 436 million yuan, and Shougang Group and the company contributed according to the shareholding ratio respectively. In this regard, the Shenzhen Stock Exchange asked Shougang shares to explain "the impact of the latest capital increase on the financial situation and evaluation of the value-added rate of the steel trading company, as well as the reasons, necessity and compliance of the capital increase before the acquisition."
The Shenzhen Stock Exchange pointed out that Shougang is requested to make a written explanation on the above issues, and disclose the relevant explanatory materials to the public and submit them to the management department of listed companies on the Shenzhen Stock Exchange before December 20.