Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Cinda Asset Management Co ( (HK:1359) ) just unveiled an update.
China Cinda Asset Management has announced the resignation of non-executive director Chen Xiaowu, who is stepping down upon reaching retirement age from his roles as board member, chairman of the Risk Management Committee, and member of both the Strategic Development Committee and the Nomination and Remuneration Committee. The company emphasized that Chen has no disagreements with the board and that there are no other matters requiring shareholder attention, while the departure will necessitate adjustments to key board committee compositions at a time when Cinda’s oversight of risk and strategic direction remains central to its role in China’s financial sector.
The most recent analyst rating on (HK:1359) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Cinda Asset Management Co stock, see the HK:1359 Stock Forecast page.
More about China Cinda Asset Management Co
China Cinda Asset Management Co., Ltd. is a Chinese financial services group primarily engaged in asset management and distressed asset resolution, operating as a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong with both ordinary and preference shares outstanding.
Average Trading Volume: 118,155,377
Technical Sentiment Signal: Buy
Current Market Cap: HK$50.38B
For a thorough assessment of 1359 stock, go to TipRanks’ Stock Analysis page.