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China New Town Development Co. Ltd. ( (HK:1278) ) has shared an update.
China New Town Development Co. Ltd. announced the withdrawal of an ordinary resolution at its 2025 AGM due to Mr. Feng Xiaoliang’s decision not to seek re-election as a non-executive director. This decision, attributed to changes in Mr. Feng’s work commitments, will result in his retirement from the board, effective after the AGM. The company has confirmed that there are no disagreements or issues related to this change that need to be communicated to shareholders or the stock exchange.
More about China New Town Development Co. Ltd.
China New Town Development Co. Ltd. is incorporated in the British Virgin Islands and operates in the real estate development industry, focusing on the development of new towns in China.
Average Trading Volume: 1,750,189
Technical Sentiment Signal: Buy
Current Market Cap: HK$855.9M
Learn more about 1278 stock on TipRanks’ Stock Analysis page.