ContiOcean Shareholders Back Governance Overhaul, Vessel Acquisition and Board Slate
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ContiOcean Environment Tech Group Co., Ltd. announced that shareholders approved significant governance changes, including the abolition of the Supervisory Committee and amendments to the Articles of Association. They also supported vessel acquisitions and authorized related-party guarantees for these purchases. Additionally, the company appointed a new auditor and re-elected its board members, indicating strong shareholder backing for its governance and expansion strategy. The current analyst rating for the stock (HK:2613) is a Hold with a price target of HK$40.00.
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