Kunming Dianchi Water Treatment Co., Ltd. Restructures Governance Framework

Kunming Dianchi Water Treatment Co., Ltd. Class H ( (HK:3768) ) has provided an announcement.

Kunming Dianchi Water Treatment Co., Ltd. announced significant corporate governance changes, including the abolition of its Board of Supervisors. The responsibilities of this board will now be handled by the Audit Committee, leading to amendments in the company’s Articles of Association and related procedural rules. These changes, driven by updates in Chinese Company Law and other regulations, also involve the resignation of current supervisors, contingent on shareholder approval. The company also plans to transfer a substantial portion of shares to Yunnan Yuntou Financial Leasing Co., Ltd. as part of a debt settlement, impacting the shareholding structure.

More about Kunming Dianchi Water Treatment Co., Ltd. Class H

Kunming Dianchi Water Treatment Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates in the water treatment industry, focusing on providing water treatment solutions and services.

YTD Price Performance: -6.45%

Average Trading Volume: 127,904

Technical Sentiment Signal: Buy

Current Market Cap: HK$596.9M

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