An announcement from Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) is now available.
Chongqing Iron & Steel Co., Ltd. has approved a Valuation Improvement Plan for 2025 after its A shares consistently traded below their net asset value for 12 months. The plan includes focusing on core business development, canceling repurchased shares to boost shareholder equity, enhancing investor relations, ensuring transparent information disclosure, and increasing shareholdings by the controlling shareholder. This initiative aims to enhance the company’s market valuation and restore investor confidence, with Huabao Investment Company Limited already increasing its shareholdings to support this effort.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. is a company operating in the steel industry, focusing on the production and distribution of steel products. The company is part of the larger China Baowu Steel Group Corporation Limited, which is a significant player in the global steel market.
YTD Price Performance: -3.00%
Average Trading Volume: 550
Technical Sentiment Signal: Sell
Current Market Cap: €1.49B
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