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Individual Investors Own 36% of Metallurgical Corporation of China Ltd. (HKG:1618) Shares but Private Companies Control 55% of the Company
Key Insights Significant control over Metallurgical Corporation of China by private companies implies that the general public has more power to influence management and governance-related decisions
Metallurgical Corporation of China (01618) provides joint and several liability guarantee for the debt under the trust loan of Zhongshun Jinda.
Metallurgical Corporation of China (01618) has released an announcement that this time, Metallurgical Corporation of China has applied for a quota of no more than 700 million yuan on behalf of Zhongshun Jinda...
Metallurgical Corporation of China (01618) plans to increase the capital of its holding company, China Metallurgical Road and Bridge, by selling 100% of its shares to Shanghai Baoye through a non-public agreement.
Metallurgical Corporation of China (01618) released an announcement stating that it plans to transfer its holdings in China Metallurgical Bridge Construction Co., Ltd. ("CMB")...
Express News | Metallurgical Corporation of China Says It Will Boost Capital in Shanghai Baoye Group With Entire Stake in Mcc Road&Bridge Construction
Metallurgical Corporation of China (601618.SH): Shanghai Baoye and China Metallurgical Road and Bridge plan to integrate.
On June 6th, GeLongHui reported that Metallurgical Corporation of China (601618.SH) planned to increase the capital of CERI Road and Bridge Construction Co., Ltd. (referred to as "CERI Road and Bridge") by 100% equity through non-public agreement to Shanghai Baoye Group Co., Ltd. (referred to as "Shanghai Baoye"), and the amount of capital increase would be based on the net asset audit and evaluation value of CERI Road and Bridge as of April 30, 2024, with other shareholders of Shanghai Baoye increasing capital in the same proportion. After the capital increase is completed, CERI Road and Bridge will become a wholly-owned subsidiary of Shanghai Baoye, and Metallurgical Corporation of China still holds 97.93% equity of Shanghai Baoye. It is a second-level subsidiary included in the consolidated financial statements of our company.
HK stocks surge | China Railway (00390) rises more than 4% and leads infrastructure stocks. The steady growth trend of infrastructure investment continues and enterprises actively expand their international layout.
Infrastructure stocks rose collectively in the afternoon. As of the time of writing, China Railway (00390) rose 4.19% to HKD 4.48; Metallurgical Corporation of China (01618) rose 3.53% to HKD 1.76; China Railway Construction Corporation (01186) rose 2.75% to HKD 5.61; China Communications Construction (01800) rose 1.47% to HKD 4.84.
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