China Development Bank Financial Leasing Co., Ltd. Announces Governance Restructuring

China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has issued an announcement.

China Development Bank Financial Leasing Co., Ltd. announced the approval of amendments to its Articles of Association by the Shenzhen Office of the National Financial Regulatory Administration. As a result, the company will cancel its Board of Supervisors and transfer its duties to the Audit Committee of the Board of Directors, aligning with regulatory requirements. This change reflects a strategic shift in corporate governance, potentially impacting the company’s operational structure and stakeholder relations.

The most recent analyst rating on (HK:1606) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on China Development Bank Financial Leasing Co Ltd Class H stock, see the HK:1606 Stock Forecast page.

More about China Development Bank Financial Leasing Co Ltd Class H

China Development Bank Financial Leasing Co., Ltd. operates in the financial leasing industry, focusing on providing leasing services. It is not authorized to conduct banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.

YTD Price Performance: 28.89%

Average Trading Volume: 5,576,925

Technical Sentiment Signal: Buy

Current Market Cap: HK$21.49B

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