Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
Chongqing Iron & Steel Company Limited has announced the repurchase of its A shares through centralized price bidding, aiming to enhance shareholder value by using between RMB50 million and RMB100 million of its self-owned funds for equity incentive purposes. As of June 25, 2024, the company has bought back approximately 0.637% of its total share capital for an aggregate cost of RMB59.5525 million. This buyback initiative reflects the company’s commitment to capital management and is conducted in strict compliance with relevant laws and guidelines.
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