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Xinhua Winshare Proposes Amendments to Governance Structure

Story Highlights
  • Xinhua Winshare plans to abolish its Supervisory Committee, transferring duties to an Audit Committee.
  • The proposed changes align with regulatory requirements and require shareholder approval at an EGM.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xinhua Winshare Proposes Amendments to Governance Structure

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Xinhua Winshare Publishing & Media Co ( (HK:0811) ) just unveiled an update.

Xinhua Winshare Publishing & Media Co., Ltd. has announced proposed amendments to its Articles of Association and other systems, in line with the revised Company Law of the People’s Republic of China and guidelines from the China Securities Regulatory Commission. The company plans to abolish its Supervisory Committee, transferring its duties to an Audit Committee under the Board of Directors. These changes aim to align with regulatory requirements and are subject to shareholder approval at an extraordinary general meeting. The proposed amendments are considered beneficial to the company and its shareholders, without affecting existing shareholder rights.

The most recent analyst rating on (HK:0811) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on Xinhua Winshare Publishing & Media Co stock, see the HK:0811 Stock Forecast page.

More about Xinhua Winshare Publishing & Media Co

Xinhua Winshare Publishing & Media Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the publishing and media industry. The company is listed on the Hong Kong Stock Exchange and focuses on providing publishing services and media-related products.

Average Trading Volume: 1,364,038

Technical Sentiment Signal: Buy

Current Market Cap: HK$17.43B

See more data about 0811 stock on TipRanks’ Stock Analysis page.

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