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China Tower Announces Board Resignations and New Director Appointments

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China Tower Announces Board Resignations and New Director Appointments

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China Tower ( (HK:0788) ) has issued an update.

China Tower Corporation Limited has announced the resignation of three directors, Mr. Tang Yongbo, Mr. Dong Chunbo, and Mr. Sin Hendrick, due to various personal reasons and changes in work arrangements. The company has proposed the appointments of Mr. Miao Shouye as a non-executive director and Mr. Pei Zhenjiang and Mr. Wen Bugao as independent non-executive directors, pending shareholder approval at the upcoming extraordinary general meeting. These changes in the board are expected to bring new perspectives and expertise to the company, potentially impacting its strategic direction and governance.

The most recent analyst rating on (HK:0788) stock is a Hold with a HK$12.60 price target. To see the full list of analyst forecasts on China Tower stock, see the HK:0788 Stock Forecast page.

More about China Tower

China Tower Corporation Limited is a major player in the telecommunications infrastructure industry in China, focusing on the construction, maintenance, and operation of telecommunications towers. The company plays a crucial role in supporting the mobile network operations of major telecom operators in China.

YTD Price Performance: 4.02%

Average Trading Volume: 14,924,538

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$185.7B

Learn more about 0788 stock on TipRanks’ Stock Analysis page.

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