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China Cinda Asset Management Co ( (HK:1359) ) has provided an announcement.
China Cinda Asset Management has obtained regulatory approval from China’s National Financial Regulatory Administration for amendments to its Articles of Association, clearing the way for a restructuring of its corporate governance framework. With the revised Articles now in effect, the company has formally abolished its Board of Supervisors and repealed the associated governance rules, with all serving supervisors stepping down and indicating they have no disagreements with the company, marking a significant shift in its oversight structure for shareholders to monitor.
More about China Cinda Asset Management Co
China Cinda Asset Management Co., Ltd. is a Chinese state-linked financial institution listed in Hong Kong that operates in the asset management and distressed asset resolution sector. It provides a range of financial and investment services focused on managing non-performing assets and related financial restructuring activities in mainland China, serving banks, corporates and other financial stakeholders.
YTD Price Performance: 9.24%
Average Trading Volume: 118,321,077
Technical Sentiment Signal: Buy
Current Market Cap: HK$51.9B
See more data about 1359 stock on TipRanks’ Stock Analysis page.