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China Gas Industry Investment Tightens Audit Committee Governance Framework

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China Gas Industry Investment Tightens Audit Committee Governance Framework

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An update from China Gas Industry Investment Holdings Co.Ltd. ( (HK:1940) ) is now available.

China Gas Industry Investment Holdings has formalised and disclosed the terms of reference for its board audit committee, originally established in June 2020, setting out its constitution, membership requirements, and procedural rules. The document clarifies that the committee must comprise at least three non-executive directors, with a majority being independent and at least one possessing recognised accounting or financial expertise, and it bars recent partners of the company’s external auditor from serving for two years, measures that underscore the group’s focus on strengthening oversight of financial reporting, audit processes and internal controls in line with Hong Kong listing requirements.

The most recent analyst rating on (HK:1940) stock is a Buy with a HK$0.86 price target. To see the full list of analyst forecasts on China Gas Industry Investment Holdings Co.Ltd. stock, see the HK:1940 Stock Forecast page.

More about China Gas Industry Investment Holdings Co.Ltd.

China Gas Industry Investment Holdings Co. Ltd., incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 1940, operates in the gas industry, focusing on investments and related services across its group of subsidiaries. The company is governed by a board that includes executive, non-executive and independent non-executive directors, reflecting a structure aligned with Hong Kong’s listing and corporate governance standards.

Average Trading Volume: 327,058

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.07B

See more data about 1940 stock on TipRanks’ Stock Analysis page.

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