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Maanshan Iron & Steel Co ( (HK:0323) ) has provided an update.
Maanshan Iron & Steel Co., Ltd. announced the resolution of its board of directors to approve a capital reduction in Baowu Water Technology Co., Ltd., marking a related party transaction. The decision was made during the 45th meeting of the company’s tenth board session, with the resolution receiving unanimous support from non-related directors, while the related director abstained from voting.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
More about Maanshan Iron & Steel Co
Maanshan Iron & Steel Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the steel industry. It primarily focuses on the production and sale of iron and steel products.
YTD Price Performance: 68.71%
Average Trading Volume: 35,576,461
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.71B
For an in-depth examination of 0323 stock, go to TipRanks’ Overview page.