Chongqing Iron & Steel Updates Investors on Delayed Circular for A-Share Issuance and Whitewash Waiver
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Chongqing Iron & Steel Co., Ltd. has updated investors on the delayed circular for its proposed A-share issuance and associated whitewash waiver. The company plans to dispatch the circular by February 27, 2026, pending regulatory approval. The issuance and waiver are subject to conditions, including shareholder approval. A mandatory offer may be triggered if the waiver is not granted. Analysts currently rate the stock as a Hold with a price target of HK$1.00. The company operates in the steel industry and has a market cap of HK$14.48B.
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