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Maanshan Iron & Steel Announces Capital Injection Plan
MAANSHAN IRON (00323) is planning to increase its capital by transferring related Steel assets from its headquarters to MAANSHAN IRON Co., Ltd.
MAANSHAN IRON (00323) announced that in order to implement the company's Global Strategy and Business planning, further optimization of the Business Sector is underway...
Maanshan Iron & Steel (600808.SH): planning to increase capital to wholly-owned subsidiaries.
Gelonghui reported on December 31 that Maanshan Iron & Steel (600808.SH) announced that in order to implement the company's development strategy and business planning, and further optimize the business sectors, the company is planning to transfer relevant Steel assets, liabilities, personnel, business, and the equity of certain subsidiaries held by the company to increase the capital of Maanshan Iron & Steel Co. The planned capital increase involves internal resource integration between the company and its wholly-owned subsidiaries, will not lead to changes in the company's consolidated financial statement scope, will not adversely affect the company's financial position and operating results, and will not harm the interests of the company and all shareholders.
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