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Mingfa Group (International) Co. Ltd. ( (HK:0846) ) has provided an announcement.
Mingfa Group (International) Company Limited has reported further progress on the long-running restructuring of the boards of directors of its mainland Chinese subsidiaries, stating that only two PRC subsidiaries still await regulatory approval for their director changes. Once the competent local bureaus sign off on these remaining applications, the group expects the board restructuring at the subsidiary level to be completed, and it has committed to continue issuing monthly updates on any material developments, underscoring the importance of this governance overhaul for its China operations and oversight structure.
The most recent analyst rating on (HK:0846) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Mingfa Group (International) Co. Ltd. stock, see the HK:0846 Stock Forecast page.
More about Mingfa Group (International) Co. Ltd.
Mingfa Group (International) Company Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through subsidiaries in mainland China, where it manages its business via boards of directors at the PRC subsidiary level.
Average Trading Volume: 156,094
Technical Sentiment Signal: Sell
Current Market Cap: HK$676.4M
Learn more about 0846 stock on TipRanks’ Stock Analysis page.