Midea Group’s AGM Approves Key Resolutions for 2024

The latest announcement is out from Midea Group Co. Ltd. Class H ( (HK:0300) ).

Midea Group Co., Ltd. held its 2024 Annual General Meeting (AGM) where all proposed resolutions were approved, including amendments to the Articles of Association, payment of a final dividend, and election of an employee representative director. The AGM saw participation from a substantial number of shareholders and proxies, representing over 61% of voting shares. The approval of resolutions such as the profit distribution proposal and plans for share repurchase and issuance indicate strategic moves to enhance shareholder value and strengthen the company’s market position.

The most recent analyst rating on (HK:0300) stock is a Buy with a HK$101.00 price target. To see the full list of analyst forecasts on Midea Group Co. Ltd. Class H stock, see the HK:0300 Stock Forecast page.

More about Midea Group Co. Ltd. Class H

Midea Group Co., Ltd. is a leading company in the home appliance industry, primarily engaged in the manufacturing and distribution of a wide range of household appliances and HVAC (heating, ventilation, and air conditioning) systems. The company is based in China and has a significant market focus on both domestic and international markets.

Average Trading Volume: 7,298,568

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$653.2B

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