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Shandong Molong Petroleum Machinery ( (HK:0568) ) has provided an update.
Shandong Molong Petroleum Machinery Company Limited has announced proposed amendments to its Articles of Association and related procedural rules to enhance corporate governance and protect minority investors’ rights. These changes, which align with updated corporate governance guidelines, are subject to shareholder approval at upcoming meetings, indicating a strategic move to strengthen the company’s governance framework.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited is a Sino-foreign joint stock company incorporated in the People’s Republic of China. The company operates within the petroleum machinery industry, focusing on the production and supply of equipment and machinery for the petroleum sector.
YTD Price Performance: 170.25%
Average Trading Volume: 44,587,610
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.7B
For detailed information about 0568 stock, go to TipRanks’ Stock Analysis page.