HKG:0323

2 stories mentioning HKG:0323Updated 24d ago

Every FINWIRES story that references HKG:0323, newest first.

Maanshan Iron & Steel to Acquire Stake in Baowu Environment for 114 Million Yuan

Maanshan Iron & Steel (SHA:600808, HKG:0323), through subsidiary Magang (Group) Holding, agreed to acquire 1.04% of Baowu Group Environmental Resources Technology for a consideration of 114 million yuan, according to a Hong Kong bourse filing on Wednesday.The Chinese iron company's Hong Kong shares fell 3%, while Shanghai shares declined 2% at the close.Magang will contribute its 3.15% equity in Baowu Water Technology as consideration for Baowu Environment's stake. After the transaction, Magang will no longer hold any stake in Baowu Water.Meanwhile, Baowu Environment's registered capital will rise to 1.04 billion yuan from 711.6 million yuan. Magang is one of Baowu Environment's 13 new stakeholders.

HKG:0323SHA:600808

Asia55d ago

Maanshan Turns to Profit in Q1

Maanshan Iron & Steel (SHA:600808, HKG:0323) turned to an attributable profit of 42.4 million yuan in the first quarter from an attributable loss of 144.1 million yuan in the year-ago period, according to a Saturday filing with the Shanghai bourse.The iron company logged earnings per share of 0.01 yuan compared with a loss per share of 0.02 yuan in the prior-year period.Operating revenue declined 8.8% year over year to 17.7 billion yuan from 19.4 billion yuan.

HKG:0323SHA:600808

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