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Maanshan Iron & Steel Co ( (HK:0323) ) has shared an announcement.
Maanshan Iron & Steel Company Limited has proposed the reappointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as its external auditor for the 2026 financial year. The proposal, to be voted on at the 2025 annual general meeting, would see Deloitte China continue as accounting firm from the close of the meeting until the next annual general meeting, with the board authorised to determine its remuneration.
The announcement highlights Deloitte China’s scale and regulatory qualifications, noting its approval to audit H-share listed companies and its extensive presence in serving listed firms across manufacturing and related sectors. By retaining a large, experienced audit institution that already serves many peers in the same industry, Maanshan Iron & Steel aims to ensure continuity, regulatory compliance and stability in its financial reporting, which is relevant for shareholders and other market stakeholders.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$2.50 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 Company Limited is a China-based steel producer engaged in the manufacturing and sale of steel and related products. The company serves downstream industries such as manufacturing, transportation, construction and infrastructure, positioning it as part of the broader industrial and materials supply chain in the PRC and overseas markets.
Average Trading Volume: 13,670,135
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$29.27B
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