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Sinopec Oilfield Service ( (HK:1033) ) has issued an announcement.
Sinopec Oilfield Service Corporation announced significant amendments to its corporate governance structure, including the abolition of its supervisory committee in compliance with the revised Company Law of the People’s Republic of China. The changes involve transferring the supervisory committee’s duties to the audit committee, adjusting the board structure, and enhancing shareholder rights, which are expected to streamline operations and align with regulatory requirements, potentially impacting stakeholder engagement and corporate oversight.
The most recent analyst rating on (HK:1033) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Sinopec Oilfield Service stock, see the HK:1033 Stock Forecast page.
More about Sinopec Oilfield Service
Sinopec Oilfield Service Corporation is a joint stock limited company established in the People’s Republic of China, operating in the oilfield services industry. The company focuses on providing comprehensive oilfield services, including drilling, well services, and engineering, primarily in the Chinese market.
Average Trading Volume: 60,586,763
Technical Sentiment Signal: Buy
Current Market Cap: HK$40.23B
See more data about 1033 stock on TipRanks’ Stock Analysis page.