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SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) has issued an update.
SINOPEC Engineering (Group) Co., Ltd. has formalised new terms of reference for its Strategy and Development Committee under the board of directors, setting out the committee’s composition, authority and operating procedures. The committee, comprising at least three directors and chaired by a board-appointed member, is tasked with formulating medium- and long-term development strategies, reviewing major investments, financing and capital operations, and overseeing other material matters that could affect the company’s development. It will also monitor implementation of strategic decisions, propose timely adjustments, and may engage professional advisers at the company’s expense, with senior management required to provide necessary information and support. The move strengthens the group’s governance framework and centralises strategic oversight at board level, which may enhance decision-making discipline and alignment of major capital and development initiatives with shareholder and regulatory expectations.
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 Chinese engineering and construction company in the energy and petrochemical sector, focusing on providing large-scale engineering, procurement and construction (EPC) services and related technical solutions. Listed in Hong Kong via its H-shares, the company serves domestic and international clients, particularly in refining, petrochemicals and related infrastructure projects.
Average Trading Volume: 4,183,055
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.96B
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