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Maanshan Iron & Steel Co ( (HK:0323) ) has shared an announcement.
Maanshan Iron & Steel Co announced the repurchase and cancellation of certain restricted shares under its 2021 A Share Incentive Scheme following the failure to meet the 2023 performance appraisal objectives. The decision, approved during the company’s 2024 extraordinary general meeting, involves repurchasing and canceling a total of 24,833,400 restricted shares, affecting 241 participants who did not meet the performance criteria and 16 participants who are no longer employed by the company. This move indicates a strategic adjustment in the company’s incentive structure, impacting stakeholders by reducing the outstanding restricted shares under the scheme.
More about Maanshan Iron & Steel Co
Maanshan Iron & Steel Co is a joint stock limited company incorporated in the People’s Republic of China, focusing on the iron and steel industry. The company is listed on the Stock Exchange of Hong Kong Limited and is involved in the production and sale of iron and steel products.
YTD Price Performance: 21.58%
Average Trading Volume: 6,150
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.18B
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