Chongqing Iron & Steel Calls EGM to Approve Targeted A-Share Issuance and Dividend Plan
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Chongqing Iron & Steel Co., Ltd. has called an extraordinary general meeting to seek shareholder approval for a targeted A-share issuance and a three-year dividend distribution plan for 2026-2028. The agenda includes terms for the share issuance, feasibility reports, and a related-party subscription agreement with Hwabao Investment Co., Ltd. The company aims to balance capital raising with protecting existing shareholders' interests. The latest analyst rating for the stock is a Hold with a price target of HK$1.00.
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