HK Stock Market Move | SHOUGANG RES (00639) rises over 12%; board meeting to be held next Wednesday to consider special dividend
SHOUGANG RES (00639) share price moved higher, rising 11.96% as of press time to HK$2.855, with turnover of HK$48.396 million.
SHOUGANG RES (00639) share price moved higher, rising 11.96% to HK$2.855 as of press time, with turnover of HK$48.396 million.
On the news front, SHOUGANG RES announced after market close on November 6 that the company will hold a board meeting on November 18 (next Wednesday) to consider approving the declaration and distribution of a special dividend to shareholders. Sealand previously noted that in the first half of this year, the company's comprehensive tax-inclusive average price of clean coking coal was RMB1,237 per tonne, up 16% year-on-year. In the second half, with supply-side disruptions and a sharp rise in industry coking coal prices, the company's performance is expected to also improve significantly.
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