Metallurgical Corporation of China Calls 2026 EGM to Approve Major A and H Share Buyback Plans

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

Metallurgical Corporation of China Ltd. has convened its first extraordinary general meeting of 2026 for 16 January in Beijing, where shareholders will vote on major share repurchase plans for both its A shares and H shares. The proposed A share repurchase plan covers the purpose, scale, funding, pricing, implementation period, and post-repurchase treatment of the shares, including cancellation or transfer and protections for creditors, signalling an effort to optimise capital structure and possibly support the company’s share price. In parallel, the board is seeking a general mandate to repurchase up to 10% of its issued H shares using internal funds, with broad authority to determine timing, price and quantity, handle regulatory procedures, adjust terms in line with changing policies or market conditions, and cancel repurchased shares with corresponding capital reduction and amendments to the Articles of Association, which, if approved, would enhance the company’s financial and capital management flexibility for Hong Kong investors.

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. is a large engineering and construction group focused on metallurgical engineering, resources development, and infrastructure projects, with both A shares and H shares listed in China and Hong Kong respectively, serving industrial and public sector clients in the domestic and international markets.

Average Trading Volume: 59,167,249

Technical Sentiment Signal: Buy

Current Market Cap: HK$64.84B

For a thorough assessment of 1618 stock, go to TipRanks’ Stock Analysis page.