Metallurgical Corporation of China Ltd. Class H (HK:1618) has released an update.
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Metallurgical Corporation of China Ltd. announced a share transfer where China Metallurgical Group Corporation will transfer a significant portion of shares to its parent company, China Minmetals Corporation. This internal reorganization involves a gratuitous transfer of 44.258% of the company’s total share capital, keeping the ultimate control unchanged under the State-owned Assets Supervision and Administration Commission. Investors are advised to proceed with caution as the transfer will not trigger a mandatory general offer.
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