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Mingfa Group (International) Co. Ltd. ( (HK:0846) ) has shared an update.
Mingfa Group (International) Company Limited has reported further progress in its long-running effort to restructure the boards of directors across its mainland Chinese subsidiaries, with only two remaining PRC entities still awaiting local regulatory approval for director changes. The company indicated that completion of the board-level restructuring at the subsidiary level will occur once those approvals are issued and has committed to continue providing monthly updates on material developments, underscoring both the regulatory complexity of its mainland operations and the importance of formal governance alignment across the group for shareholders and other stakeholders.
The most recent analyst rating on (HK:0846) stock is a Hold with a HK$0.12 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 Cayman Islands–incorporated company listed in Hong Kong, operating through subsidiaries in mainland China. The group’s structure involves multiple PRC-based entities whose boards of directors are subject to ongoing regulatory filings and approvals with local authorities.
Average Trading Volume: 198,790
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$700.7M
See more insights into 0846 stock on TipRanks’ Stock Analysis page.