Hong Kong stock market concept tracking: Institutions are optimistic of the steel industry's profit recovery in the second half of the year, as infrastructure projects may have concentrated efforts to complete. (Attached concept stocks)

The situation of relatively surplus raw material supply will also continue, and steel mill profits are expected to rebound due to the double bullish of demand improvement and cost reduction.

Zhitong FinanceJul 17 21:04 ET

Chongqing Iron plans to receive a shareholding in A-shares from its controlling shareholder's wholly-owned subsidiary, Huabao Investment.

Chongqing Iron & Steel (01053) has announced that on July 17, 2024, the company received a notice from Huabao Investment Co., Ltd. (Huabao Investment), a wholly-owned subsidiary of its actual controller, China Baowu Steel Group Co., Ltd. (China Baowu), regarding the plan to increase its shareholding in Chongqing Iron & Steel A shares. Huabao Investment plans to increase its A-share capital by means of self-owned funds through centralized bidding trading within 12 months from the date of the announcement, with an upper limit of RMB 0.3 billion and a lower limit of RMB 0.15 billion, with a maximum purchase price of RMB 2.00 per share. Announcement.

新浪港股Jul 17 19:47 ET

Chongqing Iron & Steel Stake Increase Plan

TipRanksJul 17 19:38 ET

Chongqing Iron (01053.HK): China Baowu's wholly-owned subsidiary plans to increase its shareholding in A shares by 0.15 billion-0.3 billion yuan.

On July 18th, Gelunhui reported that Chongqing Iron & Steel (01053.HK) issued an announcement. On July 17th, 2024, the company received a notice from the wholly-owned subsidiary of the company's actual controller, China Baowu Iron and Steel Group Co., Ltd. ("China Baowu"), Huabao Investment Co., Ltd. ("Huabao Investment"), regarding the plan to increase holdings of Chongqing Iron and Steel A shares. Huabao Investment plans to increase its A-share holdings of the company through centralized competitive trading with its own funds within 12 months from the date of this announcement, with a maximum increase of 0.3 billion RMB and a minimum increase of 0.15 billion RMB, and an upper limit on the increase price.

Gelonghui FinanceJul 17 19:18 ET

Express News | Chongqing Iron & Steel - Maximum Amount of Increase in Shareholding Shall Be RMB300 Mln

ReutersJul 17 19:14 ET

Express News | Chongqing Iron & Steel Co Ltd - De Facto Controller's Unit's Plan to Increase Shareholding in Co

ReutersJul 17 19:14 ET