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An update from CGN Mining Co ( (HK:1164) ) is now available.
CGN Mining Company Limited has disclosed that its board remains single-gender and therefore does not comply with Hong Kong Listing Rule 13.92(2), which requires gender diversity among directors. The company notes difficulties in finding qualified female candidates with the requisite skills but says it has approached several prospects and aims to appoint at least one female director within three months to meet governance standards and enhance board diversity.
The board and management emphasize a commitment to high corporate governance standards and to achieving an appropriate balance of diversity and expertise at the board level. The company plans to issue further announcements once a suitable female director is appointed, signaling to investors and regulators that it is actively working to align with evolving diversity requirements in Hong Kong’s capital markets.
The most recent analyst rating on (HK:1164) stock is a Buy with a HK$3.67 price target. To see the full list of analyst forecasts on CGN Mining Co stock, see the HK:1164 Stock Forecast page.
More about CGN Mining Co
CGN Mining Company Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the mining and resources sector. The company is governed by a board comprising a non-executive chairman, two executive directors including the chief executive officer, and three independent non-executive directors, all of whom are currently male.
Average Trading Volume: 49,743,448
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$30.1B
Learn more about 1164 stock on TipRanks’ Stock Analysis page.