Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
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Chongqing Iron & Steel Co., Ltd. has completed a share repurchase amounting to approximately RMB69.75 million, initially intended for equity incentives. However, the company has now decided to cancel these shares to reduce its registered capital in response to changing market conditions, aiming to protect investor interests.
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