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COSCO SHIPPING Development Co. Proposes Governance Amendments and Capital Reduction

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COSCO SHIPPING Development Co. Proposes Governance Amendments and Capital Reduction

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COSCO SHIPPING Development Co ( (HK:2866) ) has shared an announcement.

COSCO SHIPPING Development Co., Ltd. has announced a series of proposed amendments to its corporate governance documents, including the articles of association and rules of procedure for various company meetings. These changes are intended to align with new regulations in China and improve corporate governance. Additionally, the company plans to reduce its registered capital following a significant repurchase and cancellation of shares, which reflects a strategic adjustment in its capital structure.

More about COSCO SHIPPING Development Co

COSCO SHIPPING Development Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the shipping industry. The company focuses on development and management of shipping and related services, with a market presence on the Hong Kong Stock Exchange.

Average Trading Volume: 49,646,722

Technical Sentiment Signal: Buy

Current Market Cap: HK$31.37B

See more data about 2866 stock on TipRanks’ Stock Analysis page.

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