Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Shandong Molong Petroleum Machinery ( (HK:0568) ) is now available.
Shandong Molong Petroleum Machinery Company Limited has adopted updated Rules of Procedure for its Board of Directors to standardise deliberation and decision-making, enhance directors’ performance of their duties, and improve the board’s governance in line with China’s Company Law, Securities Law, Shenzhen Stock Exchange listing rules and the company’s Articles of Association. The rules define a nine-member board structure, including a chairman, vice chairman and an employee representative director, set out director qualification and disqualification criteria, empower the nomination committee to review and recommend the removal of unqualified directors, and clarify election, tenure and continuity arrangements, thereby tightening corporate governance and reinforcing compliance obligations for both management and employee representatives.
The most recent analyst rating on (HK:0568) stock is a Hold with a HK$3.00 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 operates in China’s petroleum equipment industry, supplying machinery and related products to the oil and gas sector and is listed on the Shenzhen Stock Exchange, subject to Chinese company and securities regulations.
Average Trading Volume: 41,530,551
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.73B
For a thorough assessment of 0568 stock, go to TipRanks’ Stock Analysis page.