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China Petroleum & Chemical ( (HK:0386) ) has shared an update.
China Petroleum & Chemical Corporation held its second extraordinary general meeting of 2025 in Beijing, with shareholders representing about 78% of the company’s voting share capital in attendance, including both A-share and H-share investors. At the meeting, shareholders approved amendments to the Articles of Association and key procedural rules, along with the cancellation of the Supervisory Committee and a reduction of registered capital, signaling a significant governance and capital structure adjustment for Sinopec. The resolution received strong support from A-share holders but faced notable opposition from H-share shareholders, highlighting a divergence in sentiment between domestic and overseas investors that could shape future engagement and governance perceptions.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.50 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 (Sinopec Corp.) is one of China’s largest integrated energy and petrochemical companies, engaged in the exploration, production, refining and marketing of oil and gas, as well as the manufacture and sale of petrochemical products. Listed in both A-share and H-share markets, the company serves domestic and international customers and is a key player in China’s state-owned energy sector.
Average Trading Volume: 129,510,942
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$729.2B
For a thorough assessment of 0386 stock, go to TipRanks’ Stock Analysis page.