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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has issued an announcement.
Metallurgical Corporation of China Ltd. has announced a voluntary share repurchase plan aimed at safeguarding shareholders’ interests, stabilizing its stock value, and enhancing investor confidence. The plan involves repurchasing a portion of its A Shares and H Shares, with allocated budgets of up to RMB 2 billion and RMB 500 million respectively, which will result in a reduction in the company’s registered share capital and reflect its intent to strengthen market confidence.
The most recent analyst rating on (HK:1618) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Metallurgical Corporation of China Ltd. Class H stock, see the HK:1618 Stock Forecast page.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. (MCC) operates in the metallurgical and construction industry. The company focuses on providing engineering services, construction solutions, and high-tech development with a strong presence in China and global markets.
Average Trading Volume: 58,935,631
Technical Sentiment Signal: Buy
Current Market Cap: HK$62.64B
See more data about 1618 stock on TipRanks’ Stock Analysis page.