An announcement from China Molybdenum Co ( (HK:3993) ) is now available.
CMOC Group Limited has announced the proposed cancellation of 104,930,443 repurchased A shares under its A Share Repurchase Plan (Phase III) as the 36-month period for utilizing these shares is nearing expiration. This move, pending shareholder approval, will reduce the company’s total issued shares, reflecting a change in its registered capital. Additionally, the company plans to amend its Articles of Association to align with this capital change, subject to shareholder approval. These actions are part of the company’s strategic management of its share capital and compliance with regulatory requirements.
More about China Molybdenum Co
China Molybdenum Co, also known as CMOC Group Limited, is a joint stock company incorporated in the People’s Republic of China. It operates in the mining industry, focusing on the extraction and production of molybdenum, tungsten, and other metals. The company is listed on the Hong Kong Stock Exchange and is involved in various mining projects across China and internationally.
YTD Price Performance: 16.62%
Average Trading Volume: 15,387
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $22.31B
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