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Bank of Communications Co ( (HK:3328) ) just unveiled an update.
The Bank of Communications Co., Ltd. announced that the Accounting and Financial Reporting Council (AFRC) reprimanded Mr. Wong Tin Chak, an Independent Non-Executive Director, for audit deficiencies related to revenue recognition from over a decade ago. Despite the reprimand and fines imposed on Mr. Wong, the bank’s Board of Directors believes this will not impact his ability to fulfill his duties, as the misconduct was not found to be intentional or dishonest.
The most recent analyst rating on (HK:3328) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Bank of Communications Co stock, see the HK:3328 Stock Forecast page.
More about Bank of Communications Co
Bank of Communications Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. It is listed on the Stock Exchange of Hong Kong and provides a range of banking services.
YTD Price Performance: 12.41%
Average Trading Volume: 26,948,198
Technical Sentiment Signal: Buy
Current Market Cap: HK$642.4B
See more data about 3328 stock on TipRanks’ Stock Analysis page.