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An announcement from China High Speed Transmission Equipment Group Co ( (HK:0658) ) is now available.
China High Speed Transmission Equipment Group Co., Ltd. has engaged an independent consultant to review and improve its internal control mechanisms following the Handa Loan and related matters. Key enhancements include systematic distribution of connected persons’ lists to subsidiaries, formalized identification and reporting procedures for connected persons, and the establishment of written policies for third-party borrowings. Additional measures include providing annual training on compliance processes to personnel and strengthening board composition to bolster legal and securities expertise. These steps underscore the company’s commitment to improving transparency, operational efficiency, and compliance, aiming to reinforce stakeholder confidence and ensure adherence to regulatory standards.
The most recent analyst rating on (HK:0658) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China High Speed Transmission Equipment Group Co stock, see the HK:0658 Stock Forecast page.
More about China High Speed Transmission Equipment Group Co
China High Speed Transmission Equipment Group Co., Ltd. operates in the manufacturing sector, specializing in the production and distribution of high-speed transmission equipment. The company’s market focus includes serving industries like wind power generation, contributing to clean energy solutions.
Average Trading Volume: 1,697,904
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.5B
For an in-depth examination of 0658 stock, go to TipRanks’ Overview page.