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Guangdong Investment ( (HK:0270) ) has issued an announcement.
Guangdong Investment Limited has announced that following the resignation of Ms. Bai as Executive Director, Chairman of the Board and Chairman of the Nomination Committee, the chairman position of the Nomination Committee will remain vacant, leaving the company temporarily out of compliance with Hong Kong Listing Rule 3.27A, which requires the nomination committee to be chaired by the board chairman or an independent non-executive director. The board has stated it will use its best efforts to appoint a new Nomination Committee chair within three months of Ms. Bai’s resignation to restore regulatory compliance, and indicated that further announcements will be made as appropriate, underscoring a short-term governance gap and signalling imminent changes in the company’s board leadership structure.
The most recent analyst rating on (HK:0270) stock is a Hold with a HK$8.00 price target. To see the full list of analyst forecasts on Guangdong Investment stock, see the HK:0270 Stock Forecast page.
More about Guangdong Investment
Guangdong Investment Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong, with a board comprising executive, non-executive and independent non-executive directors, reflecting a typical diversified governance structure for a large investment-focused enterprise.
Average Trading Volume: 10,267,269
Technical Sentiment Signal: Buy
Current Market Cap: HK$44.98B
For a thorough assessment of 0270 stock, go to TipRanks’ Stock Analysis page.