Metallurgical Corporation of China Ltd. Class H (HK:1618) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into HK:1618 stock, check out TipRanks’ Stock Analysis page.