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China Petroleum & Chemical ( (HK:0386) ) has provided an announcement.
China Petroleum & Chemical Corporation announced the resignation of its Chairman, Mr. Ma Yongsheng, due to age. Mr. Ma has been instrumental in enhancing corporate governance and driving innovation during his tenure. Mr. Zhao Dong, the Vice Chairman, will temporarily assume the duties of Chairman until a new leader is elected, ensuring continuity in leadership and strategic direction.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
More about China Petroleum & Chemical
China Petroleum & Chemical Corporation, also known as Sinopec Corp., is a major player in the petroleum and chemical industry, focusing on the exploration, production, and distribution of oil and chemical products. The company is headquartered in China and is known for its commitment to scientific and technological innovation and high-quality development.
YTD Price Performance: -3.96%
Average Trading Volume: 161,314,737
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$701.6B
Find detailed analytics on 0386 stock on TipRanks’ Stock Analysis page.