Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
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Mingfa Group (International) Co. Ltd. is nearing completion of its board restructuring for its mainland Chinese subsidiaries, with only two entities awaiting regulatory approval. The company will provide monthly updates on this process, highlighting the regulatory complexities involved. The latest analyst rating for its stock (HK:0846) is a Hold with a price target of HK$0.12. Mingfa Group operates through multiple PRC-based entities and has a current market cap of HK$700.7M.
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