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The latest update is out from Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ).
Chongqing Iron & Steel Co., Ltd. announced the completion of its share repurchase program, which involved repurchasing approximately 66.8385 million A shares at a cost of RMB69.7525 million. This repurchase represents about 0.749% of the company’s total share capital. The company plans to cancel these repurchased shares to reduce its registered capital, with the new registered capital set to be RMB8,851,763,767. The cancellation process, which complied with relevant laws and regulations, is expected to be completed by 18 February 2025.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. operates in the steel manufacturing industry, focusing on the production of iron and steel products. The company is engaged in the business of producing high-quality steel products for various applications, serving both domestic and international markets.
YTD Price Performance: 9.80%
Average Trading Volume: 17,584
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.57B
For detailed information about 1053 stock, go to TipRanks’ Stock Analysis page.
