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Ping An Insurance Company of China ( (HK:2318) ) has provided an announcement.
Ping An Insurance (Group) Company of China, Ltd. has disclosed that its independent supervisor, Mr. Hung Ka Hai Clement, was publicly censured by the Hong Kong Stock Exchange in connection with his role as an independent non-executive director of Starjoy Wellness and Travel Company Limited. The Stock Exchange’s Listing Committee found that Mr. Hung, together with other relevant directors, failed to exercise reasonable skill, care and diligence under the Listing Rules and directed them to complete specified hours of training on regulatory, legal and Listing Rule compliance topics. After reviewing the disciplinary statement, Ping An’s board concluded that there was no finding that Mr. Hung is unsuitable to serve as a supervisor of listed companies, that the incident does not involve dishonesty, fraud or integrity issues on his part, and that the matter is unrelated to the affairs or business operations of the Ping An group. The company stated that, based on information currently available, the incident is not expected to adversely affect the group or require further disclosure beyond what has been announced.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$78.00 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
More about Ping An Insurance Company of China
Ping An Insurance (Group) Company of China, Ltd. is a major Chinese financial services group with a primary focus on insurance and related financial businesses, operating through a range of subsidiaries and listed on the Hong Kong Stock Exchange. The group is overseen by a board comprising executive, non-executive and independent non-executive directors, as well as supervisors responsible for corporate governance and regulatory compliance.
Average Trading Volume: 42,094,965
Technical Sentiment Signal: Buy
Current Market Cap: HK$1309.9B
Find detailed analytics on 2318 stock on TipRanks’ Stock Analysis page.