Maanshan Iron & Steel Co (HK:0323) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Maanshan Iron & Steel Co has approved a capital contribution of RMB1 billion to establish a wholly-owned subsidiary, Maanshan Iron & Steel Limited Company, in Maanshan City. This new entity will engage in a range of activities including steel production, chemical product sales, and freight services, among others. The investment does not involve a major asset restructuring or connected transaction.
For further insights into HK:0323 stock, check out TipRanks’ Stock Analysis page.