Beijing Urban Construction Design & Development Group Clears Connected Deals and Adds Independent Director

Beijing Urban Construction Design & Development Grp Co., Ltd Class H ( (HK:1599) ) just unveiled an update.

Beijing Urban Construction Design & Development Group Co., Limited reported that all resolutions at its second extraordinary general meeting of 2025, held on 23 December in Beijing, were passed by poll, with a turnout representing about 76.7% of the company’s issued share capital with voting rights. Shareholders approved the company’s entry into continuing connected transactions with its substantial shareholder Beijing Urban Construction Group (BUCG), after BUCG and its associates abstained from voting in line with listing rules, reinforcing the governance framework around related-party dealings. The meeting also unanimously approved the appointment of Tian Aicheng as an independent non-executive director, and the board subsequently named him to its Audit and Risk Committee and Nomination Committee, moves that further strengthen the company’s board independence and oversight structures for investors and other stakeholders.

The most recent analyst rating on (HK:1599) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Beijing Urban Construction Design & Development Grp Co., Ltd Class H stock, see the HK:1599 Stock Forecast page.

More about Beijing Urban Construction Design & Development Grp Co., Ltd Class H

Beijing Urban Construction Design & Development Group Co., Limited is a PRC-incorporated joint stock company listed in Hong Kong, operating in the urban construction and infrastructure design and development sector. Its share capital is divided into domestic shares and H shares, reflecting a dual market focus on mainland Chinese and international investors through the Hong Kong market.

Average Trading Volume: 376,366

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.82B

For a thorough assessment of 1599 stock, go to TipRanks’ Stock Analysis page.