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Maanshan Iron & Steel Co ( (HK:0323) ) has issued an update.
Maanshan Iron & Steel Co. has announced proposed amendments to its Articles of Association following the repurchase and cancellation of 24,833,400 restricted shares. This decision was made after the company failed to meet its 2023 performance appraisal objectives and due to changes in participant eligibility in its Restricted A Share Incentive Scheme. The amendments, which reflect changes in the company’s share capital structure, are subject to shareholder approval at the 2025 annual general meeting.
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., a joint stock limited company incorporated in the People’s Republic of China, operates in the iron and steel industry. The company is primarily involved in the production and sale of iron and steel products, catering to both domestic and international markets.
Average Trading Volume: 18,390,029
Technical Sentiment Signal: Hold
Current Market Cap: HK$22.84B
Learn more about 0323 stock on TipRanks’ Stock Analysis page.