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Shanghai Electric Proposes Governance Reforms with Supervisory Committee Abolition

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Shanghai Electric Proposes Governance Reforms with Supervisory Committee Abolition

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Shanghai Electric Group Company ( (HK:2727) ) has provided an announcement.

Shanghai Electric Group Company Limited has announced a proposal to abolish its supervisory committee, with the audit committee of the Board assuming its responsibilities. This move is part of a broader governance reform aimed at enhancing corporate governance in compliance with relevant Chinese laws and regulations. The proposed changes, including amendments to the Articles of Association, require shareholder approval at a general meeting.

The most recent analyst rating on (HK:2727) stock is a Sell with a HK$1.93 price target. To see the full list of analyst forecasts on Shanghai Electric Group Company stock, see the HK:2727 Stock Forecast page.

More about Shanghai Electric Group Company

Shanghai Electric Group Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates within the electrical equipment industry, focusing on manufacturing and providing a range of electrical products and services.

Average Trading Volume: 29,735,662

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$112.4B

Learn more about 2727 stock on TipRanks’ Stock Analysis page.

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