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CGN Power Co. Proposes Governance Amendments to Align with New Regulations

Story Highlights
  • CGN Power Co. is revising its Articles of Association to meet new regulatory standards.
  • The Supervisory Committee’s duties will shift to the Audit and Risk Management Committee.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CGN Power Co. Proposes Governance Amendments to Align with New Regulations

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An update from CGN Power Co ( (HK:1816) ) is now available.

CGN Power Co., Ltd. has announced proposed amendments to its Articles of Association and procedural rules to comply with new regulatory requirements. These changes include the abolishment of the Supervisory Committee, with its responsibilities being transferred to the Audit and Risk Management Committee of the Board. The amendments aim to align the company’s governance structure with the revised Company Law and other regulatory guidelines, potentially impacting the company’s operational efficiency and governance practices.

The most recent analyst rating on (HK:1816) stock is a Buy with a HK$3.70 price target. To see the full list of analyst forecasts on CGN Power Co stock, see the HK:1816 Stock Forecast page.

More about CGN Power Co

CGN Power Co., Ltd. is a joint stock limited liability company incorporated in the People’s Republic of China, operating within the energy sector. The company is involved in the generation and supply of nuclear power, focusing on maintaining the legitimate interests of its shareholders, employees, and creditors while adhering to relevant laws and regulations.

Average Trading Volume: 58,365,308

Technical Sentiment Signal: Buy

Current Market Cap: HK$198B

See more insights into 1816 stock on TipRanks’ Stock Analysis page.

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