Metallurgical Corporation of China Ltd. Class H (HK:1618) has released an update.
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Metallurgical Corporation of China Ltd. has announced that its controlling shareholder, CMC Corporation, plans to transfer a significant number of shares to itself, a move that will not change the company’s actual controller. While this transfer is still in the planning stages and awaiting completion of necessary procedures, the company assures that this restructuring will not adversely affect its operations and commits to keeping shareholders informed.
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