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Harbin Bank Restructures Governance with Supervisor Board Cancellation

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Harbin Bank Restructures Governance with Supervisor Board Cancellation

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The latest announcement is out from Harbin Bank Co., Ltd. Class H ( (HK:6138) ).

Harbin Bank Co., Ltd. has received approval from the Heilongjiang Office of the National Financial Regulatory Administration for amendments to its Articles of Association, resulting in the cancellation of its board of supervisors. This change signifies a shift in the company’s corporate governance structure, with the incumbent supervisors stepping down and confirming no disagreements with the board of directors. The move may impact the company’s operational oversight and governance dynamics, potentially affecting stakeholders’ interests.

More about Harbin Bank Co., Ltd. Class H

Harbin Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the financial services industry. It is not an authorized institution under the Banking Ordinance of Hong Kong and is not supervised by the Hong Kong Monetary Authority, thus not authorized to conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 1,968,409

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.01B

For an in-depth examination of 6138 stock, go to TipRanks’ Overview page.

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