China Cinda Tightens Governance With New Nomination and Remuneration Committee Mandate
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China Cinda Asset Management Co. has updated its Nomination and Remuneration Committee's terms of reference to enhance corporate governance. The committee, primarily composed of independent directors, will standardize the selection, evaluation, and compensation of directors and senior management, ensuring compliance with Hong Kong regulations. The latest analyst rating for China Cinda's stock (HK:1359) is a Hold, with a price target of HK$1.50. The company, focused on asset management and distressed asset resolution, has a market cap of HK$50.38B.
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