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Shenzhen Expressway Co ( (HK:0548) ) has provided an update.
Shenzhen Expressway Co has announced the proposed abolishment of its Supervisory Committee and amendments to its Articles of Association and related rules of procedures. This move aligns with the new regulatory framework issued by the China Securities Regulatory Commission and aims to streamline governance by transferring the duties of the Supervisory Committee to the Audit Committee. Additionally, the company has nominated Ms. Jin Zhen Yuan and Mr. Hou Sheng Hai as candidates for director positions, highlighting their extensive experience in financial management and engineering construction management, respectively. These changes are subject to approval at the upcoming extraordinary general meeting, potentially impacting the company’s governance structure and operational efficiency.
More about Shenzhen Expressway Co
Shenzhen Expressway Co is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the construction, operation, and management of toll highways and roads. The company focuses on infrastructure development within the transportation sector, aiming to enhance connectivity and facilitate efficient transportation in the region.
YTD Price Performance: 5.57%
Average Trading Volume: 2,564,699
Technical Sentiment Signal: Buy
Current Market Cap: HK$25.06B
For detailed information about 0548 stock, go to TipRanks’ Stock Analysis page.