Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) has issued an announcement.
Huabao Investment, a subsidiary of the de facto controller China Baowu, has increased its shareholding in Chongqing Iron & Steel Co., Ltd. by 137.4597 million A shares, representing 1.55% of the company’s total share capital. This move is part of a Share Increase Plan to invest between RMB150 million and RMB300 million in the company, reflecting confidence in its future prospects. The plan’s execution depends on market conditions, and the company will disclose any changes promptly.
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 iron and steel products. It is primarily engaged in serving the construction and manufacturing sectors, with a significant market presence in China.
YTD Price Performance: -25.00%
Average Trading Volume: 750
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.28B
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