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China Everbright Bank Reshuffles Independent Board Seats as Liu Qiao Joins, Hong Yongmiao Departs

Story Highlights
  • China Everbright Bank appointed Liu Qiao as an independent non-executive director with key committee roles.
  • Hong Yongmiao retired from his independent director position upon term expiry, signaling routine board refreshment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Everbright Bank Reshuffles Independent Board Seats as Liu Qiao Joins, Hong Yongmiao Departs

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China Everbright Bank Co ( (HK:6818) ) just unveiled an announcement.

China Everbright Bank has appointed Liu Qiao as an Independent Non-executive Director of its tenth board session, along with roles on the Strategy, Nomination, Remuneration (as chairman) and Related Party Transactions Control committees, effective immediately, following regulatory confirmation that his director qualification does not require renewed approval. Concurrently, due to the expiry of his term, Hong Yongmiao has stepped down as an Independent Non-executive Director and from all related board committees, with the bank noting there is no disagreement with the board or issues requiring shareholder attention, signaling a routine but significant refresh of its independent oversight structure.

The most recent analyst rating on (HK:6818) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Everbright Bank Co stock, see the HK:6818 Stock Forecast page.

More about China Everbright Bank Co

China Everbright Bank Company Limited is a joint stock commercial bank incorporated in the People’s Republic of China and listed in Hong Kong. The bank operates as a banking financial institution subject to PRC banking regulation and maintains a board structure comprising executive, non-executive and independent non-executive directors who oversee its strategic direction, remuneration, nominations and related-party transaction controls.

Average Trading Volume: 31,477,267

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$226.8B

For detailed information about 6818 stock, go to TipRanks’ Stock Analysis page.

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