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China Oilfield Services ( (HK:2883) ) has issued an update.
China Oilfield Services Limited has formalised detailed terms of reference for its Board Audit Committee, aligning its governance structure with Chinese company law, stock exchange listing rules in Shanghai and Hong Kong, and its own Articles of Association. The committee, composed solely of three independent directors including at least one accounting professional, will exercise the powers traditionally held by a Supervisory Committee, oversee accounting policies and financial reporting, review internal controls, and lead the selection, engagement and dismissal of external auditors and senior financial officers, signalling a tightening of oversight that is likely to strengthen internal governance, transparency and investor confidence.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
More about China Oilfield Services
China Oilfield Services Limited is an integrated oilfield services provider, offering drilling, well services, marine support and geophysical services mainly to offshore oil and gas exploration and production companies. Listed in both Shanghai and Hong Kong, the company operates within China’s state-linked energy sector and serves domestic and international clients in upstream offshore exploration and development.
Average Trading Volume: 10,160,373
Technical Sentiment Signal: Sell
Current Market Cap: HK$56.98B
For a thorough assessment of 2883 stock, go to TipRanks’ Stock Analysis page.