Metallurgical Corporation of China Ltd. Class H (HK:1618) has released an update.
Metallurgical Corporation of China Ltd. is boosting its subsidiaries’ financial strength by introducing third-party investors, including ICBC Investment and ABC Investment, for capital increases. This strategic move involves detailed valuations and profit forecasts to ensure compliance with listing rules, indicating a promising outlook for the company’s ongoing operations. The valuations are based on open market conditions, highlighting the company’s commitment to enhancing its market competitiveness.
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