Sinopec Corp. Reports Strong Shareholder Support at Recent Meetings

China Petroleum & Chemical ( (HK:0386) ) has shared an update.

Sinopec Corp. recently held its annual general meeting for 2024 and the first class meetings for A and H shareholders for 2025. The meetings, chaired by Chairman Ma Yongsheng, saw significant shareholder participation, with a high percentage of voting shares represented. The company reported that no shareholders were required to abstain from voting, and no opposition to resolutions was noted, indicating strong shareholder support and alignment with the company’s 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 in China. The company focuses on the exploration, production, and distribution of oil and gas products, as well as the manufacturing of petrochemical products.

Average Trading Volume: 153,343,761

Technical Sentiment Signal: Buy

Current Market Cap: HK$703.9B

Learn more about 0386 stock on TipRanks’ Stock Analysis page.