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The latest update is out from Magontec Limited ( (AU:MGL) ).
Magontec Limited held its 42nd Annual General Meeting, where key topics included the approval of a share buyback from Qinghai Salt Lake Magnesium Co Ltd and the company’s strategic focus for 2025. The meeting also covered formal business such as the adoption of the remuneration report and the re-election of a director, with no objections or questions raised by shareholders, indicating smooth proceedings and shareholder alignment with the company’s direction.
More about Magontec Limited
Magontec Limited operates in the magnesium industry, focusing on the production and supply of magnesium alloys and related products. The company is engaged in providing solutions for the automotive, electronics, and construction sectors, emphasizing sustainable and efficient metal solutions.
Average Trading Volume: 10,674
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.39M
See more insights into MGL stock on TipRanks’ Stock Analysis page.