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The latest announcement is out from SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ).
At its first extraordinary general meeting of 2025, SINOPEC Engineering (Group) Co., Ltd. secured strong shareholder backing—representing over 81% of its share capital—for a special resolution to amend its Articles of Association and key corporate governance rules, cancel its supervisory committee, and reduce its registered capital. With these changes taking effect immediately after the meeting, the company has abolished its supervisory committee and transferred its oversight functions and powers to the audit committee under the board, while all existing supervisors, including the committee chairman and employee representative supervisors, have stepped down, signaling a streamlining of its governance structure that may align it more closely with prevailing Hong Kong and international board-led oversight practices.
The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.
More about SINOPEC Engineering (Group) Co., Ltd. Class H
SINOPEC Engineering (Group) Co., Ltd. is a PRC-incorporated engineering and construction company listed in Hong Kong, operating mainly in the energy and petrochemical sectors. It provides engineering, procurement and construction (EPC) and related technical services for large-scale oil refining, petrochemical and chemical projects, serving both domestic and international markets under the Sinopec group umbrella.
Average Trading Volume: 4,072,293
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.12B
For detailed information about 2386 stock, go to TipRanks’ Stock Analysis page.