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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 THE POSTPONEMENT OF ELECTION OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE

11/25/2020 | 05:19am 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 THE POSTPONEMENT OF ELECTION OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE

The term of the ninth session of the board of directors and the ninth session of the supervisory committee of Maanshan Iron & Steel Company Limited (the "Company") will expire on 30 November 2020. As the nomination of candidates for directors and supervisors of the new session of the board of directors and the supervisory committee of the Company has not been completed, in order to maintain the continuity and stability of the work of the board of directors and the supervisory committee, the election of the new session of the board of directors and the supervisory committee of the Company will be postponed as appropriate. Meanwhile, the term of the special committees and the senior management personnel of the ninth session of the board of directors of the Company will be extended accordingly. The Company will complete the election of the new session of the board of directors and the supervisory committee as soon as possible and will fulfill relevant information disclosure obligations in due course.

All the members of the ninth session of the board of directors and the ninth session of the supervisory committee, and the current senior management personnel will continue to fulfill their respective obligations and responsibilities in accordance with the laws, administrative regulations, the Articles of Association and other relevant requirements until the election works of the board of directors and supervisory committee of the Company are completed. The postponed election of the new session of the board of directors and supervisory committee will not affect the normal operation of the Company.

The Board of Directors

Maanshan Iron & Steel Company Limited

25 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 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 10:18:01 UTC


© Publicnow 2020
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Sales 2020 78 715 M 12 178 M 12 178 M
Net income 2020 1 763 M 273 M 273 M
Net Debt 2020 9 732 M 1 506 M 1 506 M
P/E ratio 2020 7,98x
Yield 2020 6,18%
Capitalization 18 681 M 2 890 M 2 890 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 1,83 CNY
Spread / Highest target 44,1%
Spread / Average Target 11,3%
Spread / Lowest Target -13,0%
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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