Maanshan Iron & Steel Approves Shareholder Pact

Maanshan Iron & Steel Co (HK:0323) has released an update.

Maanshan Iron & Steel Co announced the approval of an extension on non-competition undertakings by its indirect controlling shareholder, China Baowu, ensuring compliance with regulatory guidelines and protecting minority shareholder interests. The unanimous decision, made during the 17th meeting of the supervisory committee, will be forwarded to the company’s general meeting for further consideration.

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