Zhuzhou CRRC Times Electric Co Restructures Governance and Proposes Interim Profit Distribution

Zhuzhou CRRC Times Electric Co ( (HK:3898) ) just unveiled an update.

Zhuzhou CRRC Times Electric Co has announced the proposed abolition of its Supervisory Committee, with the audit committee under the Board taking over its functions. This move, along with amendments to the Articles of Association and meeting rules, aims to streamline governance in line with new regulations. Additionally, the company seeks authorization for the Board to determine interim profit distribution, reflecting a commitment to enhancing investor returns based on the company’s profitability and cash flow position.

The most recent analyst rating on (HK:3898) stock is a Buy with a HK$34.20 price target. To see the full list of analyst forecasts on Zhuzhou CRRC Times Electric Co stock, see the HK:3898 Stock Forecast page.

More about Zhuzhou CRRC Times Electric Co

Zhuzhou CRRC Times Electric Co is a company incorporated in the People’s Republic of China, operating in the technology and innovation sector. It focuses on providing advanced technological solutions and services, likely within the transportation or electric sectors, given its name and stock code association.

Average Trading Volume: 3,564,142

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$50.19B

Learn more about 3898 stock on TipRanks’ Stock Analysis page.