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An announcement from Maanshan Iron & Steel Co ( (HK:0323) ) is now available.
Maanshan Iron & Steel Co., Ltd. announced that its supervisory committee convened a meeting to approve a resolution regarding the capital reduction of Baowu Water Technology Co., Ltd. The resolution aligns with the company’s operational needs and strategic development, and was unanimously agreed upon by the committee members. This decision is expected to have no adverse effects on the company’s interests or those of its shareholders.
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 iron and steel industry. The company primarily focuses on the production and distribution of steel products, serving various market needs in the construction and manufacturing sectors.
YTD Price Performance: 68.71%
Average Trading Volume: 35,576,461
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.71B
Find detailed analytics on 0323 stock on TipRanks’ Stock Analysis page.