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Shanghai Industrial Holdings Seeks Extension for Director Appointment

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Shanghai Industrial Holdings Seeks Extension for Director Appointment

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Shanghai Industrial Holdings ( (HK:0363) ) has provided an update.

Shanghai Industrial Holdings Limited has announced an extension of time for appointing a new independent non-executive director following the passing of Prof. Woo Chia-Wei. The company is currently not in compliance with several Hong Kong Stock Exchange Listing Rules regarding board and committee compositions. Despite efforts to find a suitable candidate, the company has applied for a waiver to extend the grace period for filling these roles and is awaiting approval.

The most recent analyst rating on (HK:0363) stock is a Buy with a HK$12.40 price target. To see the full list of analyst forecasts on Shanghai Industrial Holdings stock, see the HK:0363 Stock Forecast page.

More about Shanghai Industrial Holdings

YTD Price Performance: 5.57%

Average Trading Volume: 1,120,452

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$13.59B

For an in-depth examination of 0363 stock, go to TipRanks’ Stock Analysis page.

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