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Maanshan Iron & Steel Co Announces Share Repurchase and Cancellation

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Maanshan Iron & Steel Co Announces Share Repurchase and Cancellation

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Maanshan Iron & Steel Co ( (HK:0323) ) has issued an update.

Maanshan Iron & Steel Co announced the implementation of a repurchase and cancellation of certain restricted shares under its 2021 A Share Incentive Scheme. This decision, approved by the board and supervisory committee, aims to manage the company’s share structure effectively, potentially impacting shareholder value and company operations.

The most recent analyst rating on (HK:0323) stock is a Hold with a HK$1.60 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.

More about Maanshan Iron & Steel Co

Maanshan Iron & Steel Co is a joint stock limited company incorporated in the People’s Republic of China, operating in the iron and steel industry. The company focuses on producing and distributing steel products, serving various sectors that require steel as a primary material.

Average Trading Volume: 13,785,353

Technical Sentiment Signal: Buy

Current Market Cap: HK$26.3B

For detailed information about 0323 stock, go to TipRanks’ Stock Analysis page.

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