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Power Financial Group Limited ( (HK:0397) ) has shared an update.
Minerva Group Holding Limited plans to amend its existing bye-laws to allow the holding of treasury shares and ensure compatibility with Hong Kong’s uncertificated securities market regime. The changes also aim to align the company’s constitutional documents with updated Listing Rules, Bermuda laws and other housekeeping requirements, pending shareholder approval by special resolution at the forthcoming annual general meeting.
A circular outlining the detailed amendments and the adoption of new bye-laws, together with the AGM notice, will be sent to shareholders in due course. The proposed governance updates indicate Minerva’s effort to modernise its share capital management options and maintain regulatory compliance, which may enhance operational flexibility and reinforce its standing within Hong Kong’s capital markets.
The most recent analyst rating on (HK:0397) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on Power Financial Group Limited stock, see the HK:0397 Stock Forecast page.
More about Power Financial Group Limited
Minerva Group Holding Limited is a Bermuda-incorporated company listed on the Stock Exchange of Hong Kong under stock code 397. The board comprises executive chairman Li Wing Cheong, one other executive director and three independent non-executive directors, reflecting a typical governance structure for a Hong Kong-listed investment holding company.
Average Trading Volume: 2,107,979
Technical Sentiment Signal: Sell
Current Market Cap: HK$105M
See more insights into 0397 stock on TipRanks’ Stock Analysis page.