Tsingtao Brewery Co ( (HK:0168) ) has issued an update.
Tsingtao Brewery Company Limited announced proposed amendments to its Articles of Association and related documents to align with new regulatory requirements under the revised Company Law of the People’s Republic of China. Key changes include the abolishment of the Supervisory Committee, the establishment of an audit and internal control committee, and provisions for hybrid shareholder meetings and E-voting. These amendments aim to strengthen shareholder rights and modernize the company’s governance structure, with no impact on existing shareholder rights. The proposed changes will be subject to approval at the company’s 2024 annual general meeting.
More about Tsingtao Brewery Co
Tsingtao Brewery Company Limited is a Sino-foreign joint stock company based in the People’s Republic of China, primarily engaged in the brewing industry. It is listed on the Hong Kong Stock Exchange and is known for producing a range of beer products, with a focus on expanding its market presence both domestically and internationally.
YTD Price Performance: 7.22%
Average Trading Volume: 4,569
Technical Sentiment Signal: Strong Sell
Current Market Cap: $12.72B
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