Maanshan Iron & Steel Co (HK:0323) has released an update.
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Maanshan Iron & Steel Co’s controlling shareholder, Magang Group, has completed its plan to increase its shareholding, acquiring an additional 68.9 million A shares through the Shanghai Stock Exchange. This move boosts their stake to 48.196% of the company’s total share capital, reflecting their confidence in the company’s future growth and investment value.
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