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Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) has issued an announcement.
Chongqing Iron & Steel Co., Ltd. has decided to terminate the absorption and merger of its wholly-owned subsidiary, Chongqing Xingang Changlong Logistics Co., Ltd. The decision was made to leverage Xingang Changlong’s independent operations to enhance the company’s supply chain services, particularly in intermodal transportation and logistics warehousing, thereby strengthening its competitive position in the industry.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. operates in the steel industry, focusing on the production and distribution of iron and steel products. The company is involved in various aspects of the steel supply chain, including logistics services through its subsidiary, Chongqing Xingang Changlong Logistics Co., Ltd.
YTD Price Performance: -3.37%
Average Trading Volume: 8,967,177
Technical Sentiment Signal: Hold
Current Market Cap: HK$12.14B
For detailed information about 1053 stock, go to TipRanks’ Stock Analysis page.