Reported 8 months ago
China Steel held its shareholders' meeting today where acting chairman Wang Xiqin addressed the shareholders. The meeting approved the distribution of a special stock dividend of 1.4 yuan and a cash dividend of 0.35 yuan per ordinary share. Wang Xiqin expressed optimism for the steel market in the second half of the year, highlighting the recovery in global manufacturing and increased steel demand. Despite challenges faced last year, including economic slowdowns and geopolitical risks, China Steel managed to turn a profit with strategic initiatives and product development. Looking ahead, the company aims for operational excellence and innovation to transform into a smart, sophisticated steel plant.
Source: YAHOO