Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
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Chongqing Iron & Steel Co., Ltd. has announced the cancellation and repurchase of 66,838,500 A Shares to reduce its registered capital from RMB8,918,602,267 to RMB8,851,763,767. Creditors are advised to declare their claims within the specified period, as the company proceeds with the capital reduction in compliance with legal procedures. This move is part of the company’s strategic plan to optimize its capital structure.
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