Shandong Molong Petroleum Machinery ( (HK:0568) ) has provided an announcement.
Shandong Molong Petroleum Machinery Company Limited has announced proposed amendments to its Articles of Association and the abolition of its Supervisory Committee. These changes aim to optimize the company’s governance structure in compliance with relevant laws and regulations, including the revised Company Law of the People’s Republic of China. The duties of the Supervisory Committee will be transferred to the audit committee of the board of directors, subject to shareholder approval at an extraordinary general meeting. This restructuring is expected to streamline operations and enhance the company’s governance framework.
The most recent analyst rating on (HK:0568) stock is a Sell with a HK$4.00 price target. To see the full list of analyst forecasts on Shandong Molong Petroleum Machinery stock, see the HK:0568 Stock Forecast page.
More about Shandong Molong Petroleum Machinery
Shandong Molong Petroleum Machinery Company Limited is a Sino-foreign joint stock limited company incorporated in the People’s Republic of China. The company operates in the petroleum machinery industry, focusing on the production and supply of equipment and machinery for the oil and gas sector.
Average Trading Volume: 53,478,940
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.83B
See more data about 0568 stock on TipRanks’ Stock Analysis page.