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Yibin City Commercial Bank Co., Ltd. Class H ( (HK:2596) ) has issued an announcement.
Yibin City Commercial Bank Co., Ltd has announced significant governance changes, including the proposed abolition of its Board of Supervisors. This move aligns with recent changes in the Company Law of the People’s Republic of China and aims to streamline the bank’s governance structure by transferring supervisory functions to the audit committee. Additionally, the bank plans to amend its Articles of Association and other procedural rules to reflect these changes, pending approval from shareholders and regulatory authorities. These changes are expected to impact the bank’s operational efficiency and compliance with new regulatory standards.
The most recent analyst rating on (HK:2596) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Yibin City Commercial Bank Co., Ltd. Class H stock, see the HK:2596 Stock Forecast page.
More about Yibin City Commercial Bank Co., Ltd. Class H
Yibin City Commercial Bank Co., Ltd is a joint stock company incorporated in the People’s Republic of China, operating in the banking industry. The company focuses on providing financial services and products, primarily serving the local market in China.
Average Trading Volume: 98,806
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$12.02B
For detailed information about 2596 stock, go to TipRanks’ Stock Analysis page.