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The latest update is out from Asia Tele-Net and Technology Corp Ltd ( (HK:0679) ).
Asia Tele-Net and Technology Corporation Limited has updated the terms of reference for its Audit Committee, which was originally established in 1999. The changes are in line with the Corporate Governance Code under the Hong Kong Stock Exchange listing rules. The revisions include stipulations about the composition of the committee, requiring all members to be non-executive directors with a majority being independent, and at least one member having relevant financial expertise. Additionally, the role of the Chairman will rotate every two years, and former partners of the company’s auditing firm are restricted from joining the committee for two years after leaving the firm. These updates aim to enhance governance and ensure compliance with regulatory standards.
More about Asia Tele-Net and Technology Corp Ltd
Asia Tele-Net and Technology Corporation Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange and is involved in the technology sector.
Average Trading Volume: 98,992
Technical Sentiment Signal: Buy
Current Market Cap: HK$355.8M
For a thorough assessment of 0679 stock, go to TipRanks’ Stock Analysis page.