MTL plans to issue additional shares to its controlling shareholder to raise CNY 595 million for replenishing working capital and repaying debts
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MTL plans to issue additional A-shares to its controlling shareholder, JingTou Company, at an issue price of RMB 4.47 per share, with a total issuance of 133 million shares, raising a total of RMB 595 million. The raised funds will be used to supplement working capital and repay debts
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