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United Energy Group ( (HK:0467) ) just unveiled an announcement.
United Energy Group Limited announced that Mr. Zhang, the Chairman and Executive Director, is under investigation by the CSRC for suspected violations related to information disclosure laws. The CSRC has imposed a fine and a lifetime ban on Mr. Zhang from the securities market, impacting his role in the company. Mr. Zhang intends to resign by June 2025, as part of a leadership succession plan, to ensure a smooth transition. The company is actively seeking a suitable replacement for the Chairman position.
The most recent analyst rating on (HK:0467) stock is a Hold with a HK$0.30 price target. To see the full list of analyst forecasts on United Energy Group stock, see the HK:0467 Stock Forecast page.
More about United Energy Group
United Energy Group Limited is one of the largest independent upstream oil and gas corporations listed in Hong Kong. The company has significantly developed its operations under the leadership of Mr. Zhang, focusing on the oil and gas industry.
Average Trading Volume: 80,784,170
Technical Sentiment Signal: Hold
Current Market Cap: HK$11.95B
See more data about 0467 stock on TipRanks’ Stock Analysis page.