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C&D Newin Paper & Pulp Corporation Limited ( (HK:0731) ) has provided an update.
C&D Newin Paper & Pulp Corporation Limited announced the passing of independent non-executive director and audit committee chairman Ernest Wong Yiu Kit, leaving the board and audit committee temporarily non-compliant with Hong Kong Listing Rules regarding the minimum number of independent directors and audit committee members. The company said it will use its best endeavours to appoint a new independent non-executive director and audit committee chair within the prescribed three-month period, and will update the market when a suitable candidate is identified. Separately, chairman and non-executive director Zhang Xiaohui has resigned from the board and its remuneration and nomination committees, as well as from his role as an authorised representative, citing personal engagements and confirming no disagreement with the board. The board has appointed Chen Dongxu as the new chairman, non-executive director, committee member and authorised representative with effect from 29 January 2026, restoring compliance with the requirement to have two authorised representatives and signalling a swift leadership transition amid the broader boardroom reshuffle.
The most recent analyst rating on (HK:0731) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on C&D Newin Paper & Pulp Corporation Limited stock, see the HK:0731 Stock Forecast page.
More about C&D Newin Paper & Pulp Corporation Limited
C&D Newin Paper & Pulp Corporation Limited is a Hong Kong-listed company incorporated in Bermuda, operating in the paper and pulp sector. The company is subject to Hong Kong Listing Rules and maintains a typical governance structure that includes independent non-executive directors, an audit committee, a remuneration committee, and a nomination committee to oversee its corporate governance and regulatory compliance obligations.
Average Trading Volume: 334,800
Technical Sentiment Signal: Sell
Current Market Cap: HK$265.9M
See more insights into 0731 stock on TipRanks’ Stock Analysis page.