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China National Building Material Co ( (HK:3323) ) has shared an announcement.
China National Building Material Co. has announced a Domestic Shareholders’ Class Meeting to be held on February 19, 2025, to consider a special resolution concerning a cash offer to buy back up to 841,749,304 H shares at HK$4.03 per share. This move aims to reduce the registered capital of the company, potentially impacting its market operations and shareholder value. The buyback is part of a strategic initiative, with Morgan Stanley Asia Limited acting on behalf of the company, reflecting a significant decision in its financial management and governance.
More about China National Building Material Co
China National Building Material Co. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the building materials industry, focusing on manufacturing and distributing construction materials.
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