SINOPEC Engineering Tightens General Meeting Rules and Delegates More Authority to Board

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge-fund level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialSINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) has provided an announcement. SINOPEC Engineering (Group) Co., Ltd. has issued updated Rules of Procedure for its general meetings, aligning them with China’s Company Law, Securities Law, Hong Kong listing rules and other regulatory requirements, and making them binding on all shareholders, directors, senior management and relevant attendees. The rules clarify shareholders’ rights to attend, be represented by proxy, speak, raise questions and vote, formalize the use of on-site and electronic/remote participation, and spell out the board’s authority to handle external investments, asset transactions and similar matters without convening a general meeting so long as defined transaction-size ratios remain below 25%, thereby aiming to balance stronger shareholder protection with more efficient day-to-day decision-making and corporate governance. The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page. More about SINOPEC Engineering (Group) Co., Ltd. Class H SINOPEC Engineering (Group) Co., Ltd. is an engineering and construction company in the energy and petrochemical sector, focusing on providing engineering, procurement and construction (EPC) and related technical services for large-scale oil, gas, chemical and related industrial projects in China and overseas capital markets. Average Trading Volume: 4,072,293 Technical Sentiment Signal: Buy Current Market Cap: HK$32.12B Learn more about 2386 stock on TipRanks’ Stock Analysis page.