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Xinte Energy Co., Ltd. Announces Leadership Reshuffle

Story Highlights
  • Xinte Energy reshuffles leadership with Mr. Zhang resigning and Mr. Huang appointed as Chairman.
  • Board proposes Mr. Hu Youcheng as Non-executive Director, pending shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xinte Energy Co., Ltd. Announces Leadership Reshuffle

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Xinte Energy Co., Ltd. Class H ( (HK:1799) ) has shared an announcement.

Xinte Energy Co., Ltd. announced significant changes in its board of directors, with Mr. Zhang Jianxin resigning as Executive Director and Chairman to focus on strategic roles at TBEA Co., Ltd. Mr. Huang Hanjie has been redesignated from a Non-executive Director to an Executive Director and appointed as the new Chairman. Additionally, the board proposed the appointment of Mr. Hu Youcheng as a Non-executive Director, pending shareholder approval. These leadership changes are expected to influence the company’s strategic direction and governance structure.

The most recent analyst rating on (HK:1799) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Xinte Energy Co., Ltd. Class H stock, see the HK:1799 Stock Forecast page.

More about Xinte Energy Co., Ltd. Class H

Xinte Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company is primarily involved in the development and provision of energy solutions, with a focus on strategic planning and development through its association with TBEA Co., Ltd., its controlling shareholder.

Average Trading Volume: 4,164,334

Technical Sentiment Signal: Sell

Current Market Cap: HK$10.38B

See more insights into 1799 stock on TipRanks’ Stock Analysis page.

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