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TravelSky Proposes Structural Changes to Enhance Governance

Story Highlights
  • TravelSky plans to amend its Articles of Association and abolish the Supervisory Committee.
  • The changes aim to align with regulatory requirements and improve company governance.
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TravelSky Proposes Structural Changes to Enhance Governance

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TravelSky Technology ( (HK:0696) ) just unveiled an update.

TravelSky Technology Limited has announced proposed amendments to its Articles of Association and the abolishment of its Supervisory Committee, aligning with the Company Law and regulatory requirements. The changes involve renaming the Audit and Risk Management Committee to the Audit Committee, which will take over the functions of the Supervisory Committee, and amending the Working Rules of the Board of Directors. These amendments are subject to shareholder approval and are intended to be in the best interest of the company and its shareholders.

The most recent analyst rating on (HK:0696) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on TravelSky Technology stock, see the HK:0696 Stock Forecast page.

More about TravelSky Technology

TravelSky Technology Limited is a company incorporated in the People’s Republic of China, primarily engaged in providing information technology solutions for the aviation and travel industries. Its shares are listed on the Main Board of the Stock Exchange of Hong Kong, and its American depositary shares are traded on the over-the-counter market in the United States.

Average Trading Volume: 6,782,361

Technical Sentiment Signal: Buy

Current Market Cap: HK$35.47B

For detailed information about 0696 stock, go to TipRanks’ Stock Analysis page.

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