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The latest announcement is out from Maanshan Iron & Steel Co ( (HK:0323) ).
Maanshan Iron & Steel Co. announced an equity change resulting from the repurchase and cancellation of restricted shares, leading to an increase in the shareholding ratio of its de facto controller, China Baowu Steel Group Corporation Limited, and its concerted parties from 52.999% to 53.146%. This change does not alter the controlling shareholder or de facto controller of the company, ensuring stability in its ownership structure.
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., a joint stock limited company incorporated in the People’s Republic of China, operates in the steel industry. Its primary focus is on the production and distribution of steel products, with a significant market presence through its controlling shareholder, China Baowu Steel Group Corporation Limited, and its concerted parties.
Average Trading Volume: 35,988,820
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.09B
See more data about 0323 stock on TipRanks’ Stock Analysis page.