Magang Group Bolsters Stake in Maanshan Iron & Steel
Maanshan Iron (00323.HK), the controlling shareholder of Maanshan Iron and Steel Group, plans to increase its A-share holdings by 0.15 billion yuan to 0.3 billion yuan.
On September 10th, GeLongHui reported that Maanshan Iron & Steel Co., Ltd. (00323.HK) announced that the company recently received a notice from its controlling shareholder, Maanshan Iron & Steel (Group) Co., Ltd., regarding the shareholding plan. The main contents of the shareholding plan are as follows: (1) Purpose of the shareholding: Based on confidence in the company's future development and recognition of its long-term investment value, as well as to promote the company's continuous, stable, and healthy growth and enhance its market competitiveness, Maanshan Iron & Steel Group plans to implement this shareholding. (2) Types and methods of the planned shareholding: A-shares; based on market conditions.
Express News | Maanshan Iron & Steel - Plan for Controlling Shareholder to Increase Its Shareholding in Co
Maanshan Iron & Steel (600808.SH): The controlling shareholder plans to increase its shareholding by 0.15 billion yuan to 0.3 billion yuan.
Maanshan Iron & Steel (600808.SH) announced that its controlling shareholder, Maanshan Iron & Steel Group Co., Ltd. ("Maanshan Group"), plans to increase its shareholding in the company's A shares through the Shanghai Stock Exchange trading system in a centralized bidding manner. The amount of the shareholding increase will not be less than RMB 0.15 billion and not more than RMB 0.3 billion, and the funds will come from Maanshan Group's own funds.
Maanshan Iron (00323) fell by 26.10%, now at 0.910 yuan, hitting a 52-week low.
As of 11:47, the maanshan iron (00323) dropped by 26.10% compared to the previous closing price, now at 0.910 yuan, hitting a 52-week low; with a volume of 3.1545 million shares and a turnover of 2.8931 million Hong Kong dollars.
Hong Kong Stock Concept Tracking | The Steel Association organizes the industry self-discipline meetings in Guangdong and Guangxi regions, and the market is concerned about the repair of steel companies' profits (with concept stocks)
In September and October, steel demand will rebound to a certain extent, which is bullish for the steel market.
Hong Kong stocks | maanshan iron (00323) is now down by more than 4%, with a 12% year-on-year decline in revenue in the first half of the year. The Ministry of Industry and Information Technology has recently suspended the replacement of steel production
Maanshan Iron (00323) is currently down more than 4%. As of the time of publication, it is down 4.04%, at 0.95 Hong Kong dollars, with a turnover of 6.7899 million Hong Kong dollars.
Summary of the 2024 semi-annual report of Maanshan Iron and Steel Co., Ltd. (corrected)
Corrective announcement of Maanshan Iron & Steel Co., Ltd. on the summary of the 2024 semi-annual report
Maanshan Iron & Steel H1 Losses Nearly Cut Into Half
Maanshan Iron & Steel Reports Mid-Year Operating Data
Maanshan Iron & Steel Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Maanshan Iron and Steel Co., Ltd.
Maanshan Iron & Steel Co. Board Approves Key Resolutions
Maanshan Iron & Steel Endorses Key Financial Resolutions
MAANSHAN IRON: 2024 INTERIM RESULTS ANNOUNCEMENT
Maanshan Iron and Steel (00323) released its interim performance, with a net loss attributable to the parent of 1.145 billion yuan, a year-on-year narrowing of 48.79%.
Maanshan Iron (00323) released its 2024 interim report, with a revenue of 43.007 billion yuan (...
Maanshan Iron & Steel (600808.SH): net loss of 1.145 billion yuan in the first half of the year.
GLENCORE announced its semi-annual report on August 29. During the reporting period, the group's revenue was RMB 43.007 billion, a decrease of 12.19% year-on-year; the net loss attributable to shareholders of the listed company was RMB 1.145 billion, a decrease of 48.79% from the previous year.
Express News | Maanshan Iron & Steel Says H1 Net Loss at 1.1 Bln Yuan
CITIC Securities: Steel prices fluctuate and seek the bottom, waiting for demand to recover.
Currently, as we approach the end of August, whether the demand will improve in the later period will be the key to whether steel prices will stop falling and rebound, given the significant reduction in production in steel mills.
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