An announcement from Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) is now available.
Metallurgical Corporation of China Ltd. has announced the approval of a New Framework Agreement with its controlling shareholder, China Minmetals, effective from January 1, 2026. This agreement, subject to shareholder approval, will govern various transactions, including engineering construction and asset financing services, and is designed to continue their business relationship beyond the expiration of the current agreement in 2025. The transactions under this agreement are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring specific reporting and approval processes due to the percentage ratios involved. The company has formed an Independent Board Committee and appointed Gram Capital Limited as an independent financial adviser to ensure compliance and provide guidance to shareholders.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. Class H operates in the metallurgical engineering and construction industry, focusing on providing engineering and construction services, as well as producing and selling metallurgical equipment. The company is a key player in the Chinese market, engaging in various transactions with its controlling shareholder, China Minmetals.
YTD Price Performance: -2.11%
Average Trading Volume: 47
Technical Sentiment Signal: Sell
Current Market Cap: €7.73B
Find detailed analytics on 1618 stock on TipRanks’ Stock Analysis page.