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Bank of China ( (HK:3988) ) has provided an announcement.
Bank of China Limited announced the dissolution of its Board of Supervisors following the approval of amendments to its Articles of Association at the 2024 Annual General Meeting. The Audit Committee of the Board of Directors will now assume the functions and powers previously held by the Board of Supervisors, aligning with regulatory provisions. This change signifies a structural shift in the bank’s governance, potentially streamlining oversight functions and impacting its operational dynamics.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.70 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
More about Bank of China
Bank of China Limited is a major financial institution in the People’s Republic of China, providing a wide range of financial services, including corporate banking, personal banking, and financial markets services. It operates with a focus on both domestic and international markets.
Average Trading Volume: 253,992,054
Technical Sentiment Signal: Buy
Current Market Cap: HK$1572.4B
For a thorough assessment of 3988 stock, go to TipRanks’ Stock Analysis page.