The latest update is out from Maanshan Iron & Steel Co ( (HK:0323) ).
Maanshan Iron & Steel Co., Ltd. held a supervisory committee meeting to discuss the introduction of Baoshan Iron & Steel Co., Ltd. as a participant in its shares. The resolution was approved unanimously by the committee, aligning with legal and regulatory requirements, and is set to be proposed to the company’s general meeting for further approval. This move is seen as a strategic step for the company’s long-term development, potentially impacting its operational and market positioning.
More about Maanshan Iron & Steel Co
Maanshan Iron & Steel Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the iron and steel industry. The company focuses on the production and distribution of steel products, serving various sectors with a market focus on both domestic and international markets.
YTD Price Performance: 13.16%
Average Trading Volume: 7,625
Technical Sentiment Signal: Sell
Current Market Cap: $2.89B
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