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Aluminum of China ( (HK:2600) ) has shared an update.
Aluminum Corporation of China Limited announced the approval of a resolution to repurchase and cancel 654,408 restricted shares granted to 13 participants under its 2021 Restricted Share Incentive Scheme. The decision, made during the 34th meeting of the eighth session of the Board and the 18th meeting of the Supervisory Committee, also includes an adjustment to the repurchase price. However, the implementation of this resolution has been delayed due to ongoing company processes, including dividend distributions and unlocking periods.
The most recent analyst rating on (HK:2600) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on Aluminum of China stock, see the HK:2600 Stock Forecast page.
More about Aluminum of China
Aluminum Corporation of China Limited, also known as Aluminum of China, operates within the aluminum industry. The company is primarily involved in the production and sale of aluminum products, focusing on both domestic and international markets.
Average Trading Volume: 66,436,883
Technical Sentiment Signal: Buy
Current Market Cap: HK$193.5B
For an in-depth examination of 2600 stock, go to TipRanks’ Overview page.