China Merchants Bank Announces New Board Elections and Proposed Amendments

An announcement from China Merchants Bank Co ( (HK:3968) ) is now available.

China Merchants Bank Co., Ltd. announced the upcoming expiration of the Twelfth Session of its Board of Directors and the election of new directors for the Thirteenth Session. The company plans to seek approval for the new board candidates and proposed amendments to its Articles of Association at the 2024 Annual General Meeting scheduled for June 2025. The newly elected directors will serve a three-year term, with their qualifications subject to approval by the National Financial Regulatory Administration. This transition is expected to impact the company’s governance structure and potentially influence its strategic direction.

The most recent analyst rating on (HK:3968) stock is a Buy with a HK$38.58 price target. To see the full list of analyst forecasts on China Merchants Bank Co stock, see the HK:3968 Stock Forecast page.

More about China Merchants Bank Co

China Merchants Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily operating in the financial services industry. It offers a range of banking services and products, focusing on both retail and corporate banking sectors.

Average Trading Volume: 24,230,098

Technical Sentiment Signal: Buy

Current Market Cap: HK$1210.1B

Learn more about 3968 stock on TipRanks’ Stock Analysis page.