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The latest announcement is out from Ningbo Joyson Electronic Corp. Class H ( (HK:0699) ).
Ningbo Joyson Electronic Corp. has announced significant amendments to its Articles of Association and corporate governance systems. The company completed the repurchase and cancellation of over 13 million A shares, leading to a reduction in registered capital, and subsequently issued 155.1 million H shares on the Hong Kong Stock Exchange, increasing its total share capital. Additionally, the company plans to abolish its Supervisory Committee, transferring its responsibilities to the audit committee, and proposes further revisions to its governance systems to align with updated legal and regulatory standards. These changes are aimed at improving the company’s internal governance and operational efficiency.
More about Ningbo Joyson Electronic Corp. Class H
Ningbo Joyson Electronic Corp. is a joint stock company incorporated in the People’s Republic of China, operating within the electronics industry. The company is involved in the production and distribution of electronic components and systems, with a focus on enhancing its market presence through strategic corporate governance and capital restructuring.
Average Trading Volume: 7,215,953
Current Market Cap: HK$34.99B
For a thorough assessment of 0699 stock, go to TipRanks’ Stock Analysis page.