The private placement plan has sparked controversy. Su Yan Jingshen responded: solely relying on self-owned funds and traditional financing channels can no longer meet funding needs.

GoldenOctober2024

Jin10 data reported on April 30, that on the evening of April 28, 2025, Su Yan Jing Shen disclosed a private placement plan, intending to raise 1.8 billion yuan for the brine salt production project of the gas storage facility. However, this plan has raised doubts among investors, mainly focusing on the issuance price and fund planning. On April 30, Su Yan Jing Shen responded that the private placement plan had undergone prudent verification, aligned with the development plan, and would help enhance core competitiveness. In response to investors’ concerns, the company stated that it would maximize the balance of interests between new and old shareholders and determine the price through market negotiations.

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