Huishang Bank Proposes Amendments to Governance Structure

Huishang Bank ( (HK:3698) ) just unveiled an announcement.

Huishang Bank Corporation Limited has announced proposed amendments to its Articles of Association, which include abolishing the Board of Supervisors and changes to the dividend distribution policy. These proposals, submitted by a shareholder, will be considered at the 2024 annual general meeting and require approval from regulatory authorities to take effect, potentially impacting the bank’s governance structure and shareholder relations.

The most recent analyst rating on (HK:3698) stock is a Sell with a HK$2.01 price target. To see the full list of analyst forecasts on Huishang Bank stock, see the HK:3698 Stock Forecast page.

More about Huishang Bank

Huishang Bank Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating within the banking industry. It is not authorized to conduct banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.

Average Trading Volume: 2,828,218

Technical Sentiment Signal: Buy

Current Market Cap: HK$47.5B

See more data about 3698 stock on TipRanks’ Stock Analysis page.