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An announcement from Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) is now available.
Chongqing Iron & Steel Co., Ltd. has completed an auction to acquire target assets, including steelmaking and production lines, from CISG for RMB1,080,659,977.20. This transaction, classified as discloseable under Hong Kong’s Listing Rules, enhances the company’s production capabilities without requiring shareholder approval.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. operates in the steel industry, focusing on the production of steelmaking series, wide and heavy plates, sheets, wires, bars, and section production lines.
YTD Price Performance: -1.12%
Average Trading Volume: 5,383,491
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.01B
Learn more about 1053 stock on TipRanks’ Stock Analysis page.