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Xinte Energy Co., Ltd. Class H ( (HK:1799) ) has issued an announcement.
Xinte Energy Co., Ltd. has announced plans to abolish its Supervisory Board, transferring its responsibilities to the audit committee of the Board. This decision aligns with new regulations from the State Council and the China Securities Regulatory Commission, which aim to streamline corporate governance structures. The amendments to the company’s Articles of Association and other procedural rules are pending approval from shareholders. The changes reflect a broader regulatory shift in China, treating domestic and H shares as a single class, thereby unifying shareholder rights.
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 within the energy sector. The company is listed on the Hong Kong Stock Exchange and is involved in the production and distribution of energy products.
Average Trading Volume: 3,778,729
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.72B
Learn more about 1799 stock on TipRanks’ Stock Analysis page.