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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Maanshan Iron & Steel Company Limited    323   CNE1000003R8

MAANSHAN IRON & STEEL COMPANY LIMITED

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Maanshan Iron & Steel : ANNOUNCEMENT IN RELATION TO RESIGNATION OF DIRECTOR AND GENERAL MANAGER

11/20/2020 | 10:43am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

馬 鞍 山 鋼 鐵 股 份 有 限 公 司

Maanshan Iron & Steel Company Limited

(A joint stock limited company incorporated in the People's Republic of China)

Stock Code: 00323

ANNOUNCEMENT IN RELATION TO RESIGNATION OF DIRECTOR AND GENERAL MANAGER

Mr. Wang Qiangmin, director and general manager of Maanshan Iron & Steel Company Limited (the "Company"), tendered his resignation as director and general manager of the Company in writing to the board of directors of the Company on 20 November 2020 due to work rearrangement.

The resignation of Mr. Wang Qiangmin has not resulted in the number of directors of the Company falling below the quorum. According to the Company Law of the People's Republic of China and the Articles of Association, the written resignation of Mr. Wang Qiangmin shall become effective from the date of delivery to the board of directors of the Company. The resignation of Mr. Wang Qiangmin will not affect the normal operation of the board of directors of the Company, nor will it affect the normal production and operation of the Company.

Mr. Wang Qiangmin has confirmed that he has no disagreement with the board of directors of the Company and the Company, and there are no other matters that need to be brought to the attention of the shareholders of the Company.

Mr. Wang Qiangmin performed his duties faithfully with due diligence during his term of office as director and general manager of the Company. The board of directors of the Company would like to express its sincere gratitude to Mr. Wang Qiangmin for his significant contributions to the Company.

The Board of Directors

Maanshan Iron & Steel Company Limited

20 November 2020

Maanshan City, Anhui Province, the PRC

As at the date of this announcement, the directors of the Company include executive directors Ding Yi, Ren Tianbao and Zhang Wenyang; non-executive director Qian Haifan; and independent non-executive directors Zhang Chunxia, Zhu Shaofang and Wang Xianzhu.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Maanshan Iron & Steel Company Limited published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 15:42:03 UTC


© Publicnow 2020
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Sales 2020 78 715 M 12 151 M 12 151 M
Net income 2020 1 763 M 272 M 272 M
Net Debt 2020 9 732 M 1 502 M 1 502 M
P/E ratio 2020 7,95x
Yield 2020 6,20%
Capitalization 18 524 M 2 862 M 2 860 M
EV / Sales 2020 0,36x
EV / Sales 2021 0,34x
Nbr of Employees 26 214
Free-Float 39,0%
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Technical analysis trends MAANSHAN IRON & STEEL COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 2,03 CNY
Last Close Price 1,82 CNY
Spread / Highest target 44,6%
Spread / Average Target 11,7%
Spread / Lowest Target -12,7%
EPS Revisions
Managers and Directors
NameTitle
Wen Yang Zhang General Manager & Executive Director
Xiao Feng Zhang Chairman-Supervisory Board
Yi Ding Chairman
Hai Fan Qian Non-Executive Director
Tian Bao Ren Non-Independent Non-Executive Director
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