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Sinopec Shanghai Petrochemical Announces 2024 AGM with Key Resolutions

Story Highlights
  • Sinopec Shanghai Petrochemical focuses on refined oil, petrochemicals, and synthetic fibers.
  • The 2024 AGM will address financial approvals and special resolutions on bonds and shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Sinopec Shanghai Petrochemical Co ( (HK:0338) ) has shared an update.

Sinopec Shanghai Petrochemical Company Limited has announced its 2024 Annual General Meeting (AGM) scheduled for June 2025, where several key resolutions will be considered. These include the approval of the 2024 work reports, financial statements, profit distribution plan, and the re-appointment of auditors for 2025. Additionally, special resolutions will address the issuance of debt financing bonds and share repurchase authorizations. The AGM will also discuss the implementation of remuneration for the company’s directors and senior management.

The most recent analyst rating on (HK:0338) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.

More about Sinopec Shanghai Petrochemical Co

Sinopec Shanghai Petrochemical Company Limited is a major player in the petrochemical industry, primarily engaged in the production and distribution of refined oil products, petrochemicals, and synthetic fibers. The company operates within the People’s Republic of China and focuses on both domestic and international markets.

Average Trading Volume: 14,163,417

Technical Sentiment Signal: Buy

Current Market Cap: HK$26.69B

Find detailed analytics on 0338 stock on TipRanks’ Stock Analysis page.

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