MCC Seeks New Mandate for RMB 500 Million H Share Buyback

Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has provided an announcement.

Metallurgical Corporation of China Ltd. has proposed a new H share repurchase mandate as the existing authorization nears expiry, aiming to buy back up to 10% of its H shares in issue, capped at RMB 500 million, using its own funds. All repurchased H shares will be cancelled, leading to a reduction in the company’s registered share capital.

The board will be empowered, subject to shareholder approval at a general meeting, to determine the timing, price, and volume of buybacks during the mandate period, and to handle all regulatory, contractual, and capital reduction procedures. This flexible authorization is intended to safeguard shareholder interests, bolster investor confidence, and help stabilize and potentially enhance the company’s market valuation while allowing adjustments if regulatory or market conditions change.

More about Metallurgical Corporation of China Ltd. Class H

Metallurgical Corporation of China Ltd. is a large engineering and construction group focused on metallurgical engineering, resource development, and infrastructure projects. Through its H share listing in Hong Kong, the company accesses international capital markets to support its operations and long-term growth strategy.

Average Trading Volume: 22,428,212

Technical Sentiment Signal: Sell

Current Market Cap: HK$63.92B

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