Maanshan Iron & Steel Co (HK:0323) has released an update.
Maanshan Iron & Steel Co has entered into new agreements with China Baowu and Baowu Finance to continue their product sales, service exchanges, and financial services from 2025 to 2027. These agreements, considered connected transactions under Hong Kong’s listing rules, require certain regulatory approvals due to their significance. Investors should note the ongoing strategic partnership with the controlling shareholder, China Baowu, which holds a substantial equity stake in Maanshan Iron & Steel.
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