Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) has shared an update.
Chongqing Iron & Steel Co., Ltd. has announced its intention to participate in an auction for acquiring certain steelmaking assets, including production lines for thick and medium plates. These assets are currently held by Chongqing Iron & Steel (Group) Co., Ltd. and have been listed for disposal at a price of RMB1,080,659,977.20. The acquisition is aimed at maintaining stable production and supporting the company’s growth. This move could strengthen the company’s operational capabilities and market position.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. is a company involved in the steel industry, focusing on the production of steel products such as wide and heavy plates, sheets, wires, bars, and sections. The company aims to ensure stable production and high-quality development of its products.
YTD Price Performance: -2.00%
Average Trading Volume: 550
Technical Sentiment Signal: Sell
Current Market Cap: €1.5B
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