Zhongguancun Science-Tech Leasing Extends Current Board as Director Election Postponed

The latest announcement is out from Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ).

Zhongguancun Science-Tech Leasing Co., Ltd., a PRC-incorporated financial leasing company listed in Hong Kong, provides leasing and related financial services to support the equipment and capital needs of technology and other industrial enterprises. The company announced that the election of its third-session board of directors will be postponed because the nomination of director candidates has not yet been completed, and the term of the current (second-session) board, its special committees, and senior management will be extended until a new board is elected at a future shareholders’ general meeting. During this extended term, all incumbent directors and senior executives will continue to perform their duties under applicable PRC laws and the company’s articles of association, and the company emphasized that the delay will not affect its normal operations while it works to finalize nominations and make further disclosures in a timely manner.

The most recent analyst rating on (HK:1601) stock is a Buy with a HK$0.97 price target. To see the full list of analyst forecasts on Zhongguancun Science-Tech Leasing Co. Ltd. Class H stock, see the HK:1601 Stock Forecast page.

More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H

Zhongguancun Science-Tech Leasing Co., Ltd. is a financial leasing company incorporated in the People’s Republic of China and listed in Hong Kong, operating in the leasing and related financial services sector with a focus on serving technology and industrial clients through structured leasing solutions.

Average Trading Volume: 110,078

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.37B

For detailed information about 1601 stock, go to TipRanks’ Stock Analysis page.