Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Guangzhou Automobile Group Co ( (HK:2238) ) has provided an update.
Guangzhou Automobile Group Co., Ltd. held its first extraordinary general meeting of 2026 on 23 January in Guangzhou, with shareholders and proxies representing about 60.36% of the company’s voting share capital in attendance, satisfying PRC legal and corporate governance requirements. All resolutions proposed at the meeting were approved by poll, including the election of a new executive director and amendments to the rules for independent directors and to the management rules governing related party transactions, each receiving more than half of the votes cast and facing minimal opposition. The strong approval of these governance-related changes, alongside the formal appointment of an executive director, underscores continued shareholder support for the company’s board structure and internal control framework, and signals an ongoing effort to refine oversight of independent directors and related-party dealings as the group pursues its strategic and operational objectives.
The most recent analyst rating on (HK:2238) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Guangzhou Automobile Group Co stock, see the HK:2238 Stock Forecast page.
More about Guangzhou Automobile Group Co
Guangzhou Automobile Group Co., Ltd. is a large Chinese state-owned automaker based in Guangzhou, focusing on the development, manufacturing and sales of passenger vehicles and commercial vehicles, as well as related automotive services. The company is listed in Hong Kong, issues both A shares and H shares, and operates under the regulatory frameworks of the PRC Company Law and the Hong Kong Listing Rules, reflecting its role as a major player in China’s automotive industry and capital markets.
Average Trading Volume: 35,298,772
Technical Sentiment Signal: Hold
Current Market Cap: HK$78.12B
For an in-depth examination of 2238 stock, go to TipRanks’ Overview page.