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China Telecom ( (HK:0728) ) just unveiled an update.
China Telecom has announced proposed amendments to its Articles of Association and the abolition of its Supervisory Committee in response to recent changes in Chinese corporate law and regulations. These changes are aimed at aligning with the new Company Law and regulatory requirements, which include the establishment of an audit committee to assume the functions of the Supervisory Committee. The proposed amendments will be subject to shareholder approval at upcoming meetings, reflecting the company’s efforts to streamline governance and comply with updated legal frameworks.
The most recent analyst rating on (HK:0728) stock is a Buy with a HK$8.47 price target. To see the full list of analyst forecasts on China Telecom stock, see the HK:0728 Stock Forecast page.
More about China Telecom
China Telecom Corporation Limited is a major telecommunications company in China, providing a wide range of services including fixed-line and mobile telecommunications, internet access, and managed data services. The company is focused on expanding its market presence both domestically and internationally.
Average Trading Volume: 82,970,143
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$658.3B
For a thorough assessment of 0728 stock, go to TipRanks’ Stock Analysis page.