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China New City Commercial Development Ltd ( (HK:1321) ) just unveiled an update.
China New City Group Limited has formalised the terms of reference for its Board Nomination Committee, originally established by board resolution on 31 May 2014, setting out its composition and governance framework. The committee must comprise at least three directors, with a majority being independent non-executive directors and at least one member of a different gender, and will be chaired by either the board chairman or an independent non-executive director, with the company secretary acting as its secretary. This move codifies the company’s nomination governance structure, signals heightened attention to board independence and gender diversity, and aligns its board practices more closely with prevailing corporate governance standards, factors of interest to investors and other stakeholders concerned with oversight and board composition.
The most recent analyst rating on (HK:1321) stock is a Hold with a HK$0.75 price target. To see the full list of analyst forecasts on China New City Commercial Development Ltd stock, see the HK:1321 Stock Forecast page.
More about China New City Commercial Development Ltd
China New City Group Limited is a Hong Kong-listed company engaged in commercial property-related business in mainland China, including investment, development and operation of large-scale urban commercial projects. The group focuses on integrated urban development, leveraging its portfolio of mixed-use properties to capture demand from retail, office and related urban commercial activities in key Chinese cities.
Average Trading Volume: 514,210
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.12B
For a thorough assessment of 1321 stock, go to TipRanks’ Stock Analysis page.