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Maanshan Iron & Steel Approves Strategic Capital Injection
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Maanshan Iron & Steel Approves Strategic Capital Injection

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Maanshan Iron & Steel Co ( (HK:0323) ) has issued an announcement.

The Supervisory Committee of Maanshan Iron & Steel Co. held its 23rd meeting to discuss and approve a capital injection into a wholly-owned subsidiary, Maanshan Iron & Steel Limited Company. This move is aimed at optimizing the asset structure and aligns with the company’s development strategy without negatively impacting its financial position or shareholder interests.

More about Maanshan Iron & Steel Co

Maanshan Iron & Steel Co. is a joint stock limited company incorporated in the People’s Republic of China, operating in the iron and steel industry. The company primarily focuses on the production and sale of iron and steel products, serving various industrial needs.

YTD Price Performance: 25.00%

Average Trading Volume: 5,483

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.11B

Find detailed analytics on 0323 stock on TipRanks’ Stock Analysis page.

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