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China Datang Proposes Governance Changes Amid Regulatory Updates

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China Datang Proposes Governance Changes Amid Regulatory Updates

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China Datang Corp. Renewable Power Co. Ltd. Class H ( (HK:1798) ) has provided an announcement.

China Datang Corporation Renewable Power Co., Limited has announced proposed amendments to its Articles of Association, rules of procedure for general meetings and the board of directors, and the abolishment of its Supervisory Committee. These changes are in response to new regulations issued by the State Council and the China Securities Regulatory Commission, which have led to updates in the listing rules of the Hong Kong Stock Exchange. The company plans to transfer the functions of the Supervisory Committee to the Audit Committee, pending shareholder approval at upcoming meetings.

The most recent analyst rating on (HK:1798) stock is a Hold with a HK$2.20 price target. To see the full list of analyst forecasts on China Datang Corp. Renewable Power Co. Ltd. Class H stock, see the HK:1798 Stock Forecast page.

More about China Datang Corp. Renewable Power Co. Ltd. Class H

China Datang Corporation Renewable Power Co., Limited is a company operating in the renewable energy sector, focusing on the generation and supply of clean energy. It is involved in the development and management of wind and solar power projects, primarily serving the Chinese market.

Average Trading Volume: 10,846,095

Technical Sentiment Signal: Buy

Current Market Cap: HK$18.4B

See more insights into 1798 stock on TipRanks’ Stock Analysis page.

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