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Weimob Proposes Governance Amendments to Align With HKEX Paperless Rules

Story Highlights
  • Weimob plans to update its corporate charter to match new HKEX paperless listing rules.
  • The governance amendments require shareholder approval at the AGM and will be detailed in a circular.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Weimob Proposes Governance Amendments to Align With HKEX Paperless Rules

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Weimob ( (HK:2013) ) has issued an announcement.

Weimob Inc. plans to amend its existing memorandum and articles of association to align with recent changes to Hong Kong listing rules expanding the paperless listing regime. The revisions also include various corresponding and housekeeping updates, which will be consolidated into a third amended and restated memorandum and articles of association.

The proposed constitutional changes will be put to shareholders for approval by special resolution at the upcoming annual general meeting. The company will issue a circular with detailed information on the amendments and the adoption process to shareholders who have opted to receive printed copies, outlining the governance adjustments and their procedural implications.

The most recent analyst rating on (HK:2013) stock is a Buy with a HK$2.33 price target. To see the full list of analyst forecasts on Weimob stock, see the HK:2013 Stock Forecast page.

More about Weimob

Weimob Inc. is a Hong Kong-listed company incorporated in the Cayman Islands and headquartered in Shanghai. It operates in the technology and digital services space, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 2013.

Average Trading Volume: 75,991,952

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.35B

Find detailed analytics on 2013 stock on TipRanks’ Stock Analysis page.

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