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Metallurgical Corporation of China Ltd. Class H ( (HK:1618) ) has issued an announcement.
Metallurgical Corporation of China Ltd. announced the temporary use of idle proceeds from its H Share IPO to replenish working capital for its overseas engineering projects. This decision aims to enhance fund utilization efficiency and reduce finance costs, while maintaining the ability to fund the Aynak Copper Mine Project if needed. The company is actively working with the Afghan Interim Government to accelerate the project’s progress.
More about Metallurgical Corporation of China Ltd. Class H
Metallurgical Corporation of China Ltd. is a company involved in the metallurgical industry, focusing on engineering contracting and resource development projects. The company operates internationally, with a particular emphasis on overseas engineering projects and resource acquisitions.
YTD Price Performance: -2.11%
Average Trading Volume: 47
Technical Sentiment Signal: Sell
Current Market Cap: €7.73B
Learn more about 1618 stock on TipRanks’ Stock Analysis page.