Metallurgical Corporation Of China Ltd. (601618.SH) Plans to Repurchase A Shares Worth RMB 1-2 Billion

Stock News12-17 17:44

Metallurgical Corporation Of China Ltd. (601618.SH) announced its plan to repurchase a portion of its A-shares and H-shares through centralized bidding. The A-share repurchase will involve a minimum of RMB 1 billion (inclusive) and a maximum of RMB 2 billion (inclusive). For H-shares, the repurchase volume will not exceed 10% of the total issued H-shares on the day the relevant shareholder meeting approves the repurchase authorization proposal, with the repurchase amount capped at RMB 500 million. The A-share repurchase price will not exceed RMB 4.90 per share, and the repurchased shares will be canceled to reduce the company's registered capital.

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