Ascentage Pharma Enhances Board Structure, Sets Shareholder Vote on Equity Grant
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Ascentage Pharma Group International has enhanced its board structure by appointing Dr. Debra Yu to the nomination committee and naming Dr. David Sidransky as lead independent non-executive director. The company established a dedicated R&D committee for pipeline strategy oversight. A proposed equity grant to substantial shareholder Dr. Zhai Yifan will require independent shareholder approval, with part of her RSU vesting deferred until after the vote. The stock currently holds a Hold rating with a price target of HK$63.00.
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