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Shougang Fushan Resources Group Limited ( (HK:0639) ) just unveiled an announcement.
Shougang Fushan Resources Group Limited announced the retirement of Mr. Ding Rucai as an executive director and chairman of the board due to reaching retirement age. Mr. Fan Wenli, an executive director and managing director with extensive experience in coal mining, will temporarily assume Mr. Ding’s responsibilities as acting chairman until a new chairman is appointed. This temporary arrangement deviates from the recommended corporate governance practice of separating the roles of chairman and chief executive, but the company plans to address this by appointing a new chairman soon.
More about Shougang Fushan Resources Group Limited
Shougang Fushan Resources Group Limited is a company incorporated in Hong Kong, primarily engaged in coal mining. The company focuses on both open-pit and underground mining operations, leveraging extensive expertise in mining management.
Average Trading Volume: 9,932,104
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$13.39B
For a thorough assessment of 0639 stock, go to TipRanks’ Stock Analysis page.