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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) has shared an announcement.
Chengdu Expressway Co., Ltd. has announced plans to abolish its Supervisory Committee and amend its Articles of Association and relevant procedural rules. This move is in response to changes in regulatory requirements and aims to streamline governance by transferring supervisory functions to the audit and risk management committee. The proposed changes also include appointing an employee director, optimizing board functions, and lowering the shareholding threshold for shareholder proposals. These amendments are intended to enhance corporate governance and align with current legal standards, potentially impacting shareholder engagement and company operations.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the transportation infrastructure industry. The company is primarily focused on the management and operation of expressways, providing essential services for road transportation in the region.
Average Trading Volume: 1,217,691
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.44B
Learn more about 1785 stock on TipRanks’ Stock Analysis page.