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Maanshan Iron & Steel Co ( (HK:0323) ) has issued an update.
Maanshan Iron & Steel Co., Ltd. has announced the implementation of a repurchase and cancellation of certain restricted shares under its 2021 A Share Incentive Scheme. This decision was made due to the failure to meet the performance appraisal objectives for 2024, resulting in the repurchase and cancellation of 21,025,600 restricted shares from 222 participants. Additionally, shares from three participants who are no longer employed by the company will also be repurchased and cancelled. This move reflects the company’s commitment to maintaining the integrity of its incentive schemes and could impact the company’s stock structure and stakeholder interests.
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 is primarily focused on the production and sale of steel products, serving various sectors with a market focus on both domestic and international clients.
YTD Price Performance: 68.71%
Average Trading Volume: 35,576,461
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.71B
For a thorough assessment of 0323 stock, go to TipRanks’ Stock Analysis page.