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Corporation
sha-steel.com

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Investments

3

Partners & Customers

1

About Shagang Group

Jiangsu Shagang Group is one of the Superking-sized National Industrial Enterprises, the Largest Private Steel Enterprise in China, and its headquarters is located in Zhangjiagang City, Jiangsu Province.

Shagang Group Headquarter Location

Zhangjiagang, Jiangsu,

China

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Latest Shagang Group News

Zhonghua Gas Holdings Limited Announces Signing Strategic Cooperation Agreement with Jiangsu Shagang Group for Expanding Liquefied Natural Gas Filling Station and Pipeline Gas Supply Business

Sep 15, 2021

HONG KONG, Sept 15, 2021 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; stock code: 8246) and its subsidiaries (collectively referred to as the "Group") announced its wholly-owned subsidiary Tiancheng Jiuran (Shanghai) New Energy Co., Ltd. signs a strategic cooperation agreement with Zhangjiagang Hongchang Steel Plate Co., Ltd. , a wholly-owned subsidiary of Jiangsu Shagang Group Co., Ltd. ("Shagang Group"), to synergize resource advantages in two major areas: liquefied natural gas ("LNG") filling stations and pipeline gas supply to broaden the sales network of the Group. The Board of Directors believes that this move will enhance the Group's LNG refueling station business and the gas pipeline business as well as further expand its new energy business. Most importantly, it fosters strategic alliances with a fine enterprise for building a long-term mutual beneficiary cooperation to embrace potential opportunities ahead brought by new energy growth in future. Jiangsu Shagang Group Co., Ltd. is one of the world's well-known steel material manufacturers and comprehensive service providers. It is a key enterprise group in Jiangsu Province, a large national special industrial enterprise, and the country's largest private steel enterprise. The Group is headquartered in Zhangjiagang City, Jiangsu Province. Shagang Group owns five major production bases where locates in Jiangsu, Liaoning, Henan and other places with sustainable production processes. Its products are exported to more than 100 countries and regions around the world, which are widely used in infrastructure construction, industrial production, high-end equipment, and consumer discretionary. It has been consecutively listed in Fortune Global 500 for 12 years in a row and ranked 351 in 2020. Zhonghua Gas Holdings Limited Zhonghua Gas Holdings Limited mainly provides diversified comprehensive new energy services, including technology development, engineering and consulting services for coal-to-gas heating, supply of liquefied natural gas, and trading of new energy-related industrial products; the group is also engaged in property investment business. For media inquiries:

Shagang Group Investments

3 Investments

Shagang Group has made 3 investments. Their latest investment was in AIWAYS as part of their Series C on April 4, 2018.

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Shagang Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/16/2018

Series C

AIWAYS

Yes

5

6/1/2017

Series A

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$99M

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10

12/22/2016

Corporate Minority

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$99M

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10

Date

4/16/2018

6/1/2017

12/22/2016

Round

Series C

Series A

Corporate Minority

Company

AIWAYS

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Amount

$99M

$99M

New?

Yes

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Co-Investors

Sources

5

10

10

Shagang Group Acquisitions

2 Acquisitions

Shagang Group acquired 2 companies. Their latest acquisition was Qinfeng Investment Management on June 15, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/15/2017

Acquired

1

6/15/2017

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$99M

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10

Date

6/15/2017

6/15/2017

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

1

10

Shagang Group Partners & Customers

1 Partners and customers

Shagang Group has 1 strategic partners and customers. Shagang Group recently partnered with Mechel on August 8, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

8/8/2019

Vendor

Mechel

Russian Federation

Mechel : Signs Long-Term Contract with China's Jiangsu Sha Steel Group

Shanghai , China - August 08 , 2019 - Mechel , one of the leading Russian mining and metals companies , reports signing a major contract for coking coal supplies with Jiangsu Sha Steel Group , China 's largest private steelmaking group .

2

Date

8/8/2019

Type

Vendor

Business Partner

Mechel

Country

Russian Federation

News Snippet

Mechel : Signs Long-Term Contract with China's Jiangsu Sha Steel Group

Shanghai , China - August 08 , 2019 - Mechel , one of the leading Russian mining and metals companies , reports signing a major contract for coking coal supplies with Jiangsu Sha Steel Group , China 's largest private steelmaking group .

Sources

2

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