Maanshan Iron & Steel Plans Capital Injection for Unit

MT Newswires Live
01-02

Maanshan Iron & Steel (HKG:0323) plans to inject capital into its Magang subsidiary, according to a Tuesday filing with the Hong Kong Exchange.

The capital injection will comprise a consolidation of resources between Maanshan Iron & Steel and Magang, and is still subject to review, the filing said.

Maanshan Iron & Steel did not disclose the amount of the capital injection.

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