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The latest update is out from COSCO SHIPPING Holdings Co ( (HK:1919) ).
COSCO SHIPPING Holdings Co., Ltd. has announced proposed amendments to its Articles of Association, including the abolition of its Supervisory Board, in response to recent changes in Chinese company law and guidelines. The company also plans to reduce its registered capital by RMB323,861,094 following the repurchase and cancellation of shares. These changes are subject to shareholder approval and are intended to align the company’s governance structure with updated regulations, potentially impacting its operational efficiency and market positioning.
More about COSCO SHIPPING Holdings Co
COSCO SHIPPING Holdings Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates within the shipping industry, focusing on providing comprehensive shipping and logistics services.
YTD Price Performance: -4.75%
Average Trading Volume: 460
Technical Sentiment Signal: Sell
Current Market Cap: $29.85B
For an in-depth examination of 1919 stock, go to TipRanks’ Stock Analysis page.