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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has shared an announcement.
Metallurgical Corporation of China Ltd. has announced the convening of its first extraordinary general meeting of 2025 to discuss significant transactions involving the disposal of equity interests and assignment of debts related to several subsidiaries. These transactions include agreements with Minmetals Land Holdings Co., Ltd. and China Minmetals Corporation, indicating a strategic restructuring of the company’s assets. The meeting will also address connected transactions concerning guarantees and changes in the use of share proceeds, reflecting a broader strategy to optimize financial and operational efficiencies.
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 prominent player in the metallurgical industry, primarily involved in engineering and construction services. The company focuses on providing comprehensive solutions for mining and metals projects, positioning itself as a key contributor to infrastructure development and resource management.
Average Trading Volume: 58,929,599
Technical Sentiment Signal: Buy
Current Market Cap: HK$63.47B
For a thorough assessment of 1618 stock, go to TipRanks’ Stock Analysis page.