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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has shared an announcement.
Metallurgical Corporation of China Ltd. reported that all resolutions at its first extraordinary general meeting of 2025, held in Beijing on 29 December, were duly passed by poll without amendment, with shareholders and proxies representing 66.35% of voting shares in attendance. Due to China Minmetals’ connected interests in a very substantial disposal of equity interests and related debt assignments, as well as connected guarantees, China Minmetals and its associate CMGC abstained from voting on two key resolutions, while no other shareholders were required to abstain, underscoring strong procedural compliance with PRC company law and Hong Kong listing rules and clearing the way for the approved transactions to proceed.
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 major Chinese engineering and construction group focused on metallurgy and resources, with its shares listed as both A Shares on the mainland and H Shares in Hong Kong. The company operates large-scale industrial and infrastructure projects and is majority-influenced by state-owned parent China Minmetals through substantial A-share holdings.
YTD Price Performance: 18.54%
Average Trading Volume: 57,857,217
Technical Sentiment Signal: Buy
Current Market Cap: HK$64.78B
For an in-depth examination of 1618 stock, go to TipRanks’ Overview page.