Ge Long Hui·2025-12-19 21:48Core Viewpoint - Chongqing Steel (601005.SH) announced a plan to issue A-shares to a specific investor, Huabao Investment, with the total amount expected to be no more than 1 billion yuan [1] Group 1: Issuance Details - The number of A-shares to be issued is 758 million, which does not exceed 30% of the company's total share capital before the issuance [1] - Huabao Investment plans to subscribe to the entire issuance amounting to 1 billion yuan, with the number of shares calculated based on the issuance price [1] - The total funds raised from this issuance are expected to be no more than 1 billion yuan, subject to the approval from the China Securities Regulatory Commission [1] Group 2: Fund Utilization - The funds raised will be used entirely to supplement working capital and repay bank loans after deducting issuance costs [1]