China Molybdenum Co. to Cancel Repurchased Shares

China Molybdenum Co (HK:3993) has released an update.

China Molybdenum Co. plans to cancel nearly 100 million repurchased A shares as part of its Phase II share buyback strategy, a move that will reduce its total issued shares. This proposal, along with amendments to the company’s Articles of Association reflecting the reduced capital, awaits shareholder approval. These steps are designed to optimize the company’s capital structure and align with regulatory requirements.

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