Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
Chongqing Iron & Steel Co., Ltd. has announced the repurchase of 48.8385 million A shares, equivalent to 0.548% of their total share capital, for RMB51.3725 million, excluding transaction costs. The buyback, conducted via centralized price bidding, is part of an approved plan utilizing up to RMB100 million of the company’s own funds for equity incentives. The company will continue the repurchase process depending on market conditions and in compliance with regulations.
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