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Dongguan Rural Commercial Bank Announces Director Resignation

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Dongguan Rural Commercial Bank Announces Director Resignation

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Dongguan Rural Commercial Bank Co Ltd Class H ( (HK:9889) ) has provided an update.

Dongguan Rural Commercial Bank Co., Ltd. announced the resignation of Mr. YIP Tai Him as an independent non-executive director and chairman of the nomination and remuneration committee due to his term of office reaching its limit. Mr. Yip will continue his duties until a new director is appointed. The bank expressed gratitude for Mr. Yip’s contributions and plans to elect a new director promptly, ensuring compliance with relevant regulations.

More about Dongguan Rural Commercial Bank Co Ltd Class H

Dongguan Rural Commercial Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It is not an authorized institution under the Banking Ordinance of Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority. The bank is not authorized to conduct banking or deposit-taking business in Hong Kong.

YTD Price Performance: -17.96%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €2.88B

For a thorough assessment of 9889 stock, go to TipRanks’ Stock Analysis page.

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