Shandong Molong Tightens Governance With New Rules for Shareholders’ Meetings
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Shandong Molong Petroleum Machinery has implemented new rules for shareholders' meetings to enhance governance and align with legal standards. The rules clarify shareholder rights, require board diligence in organizing meetings, and mandate independent legal oversight. They reaffirm the shareholders' meeting as the highest decision-making body, detailing its authority over key corporate matters. The latest analyst rating for Shandong Molong (HK:0568) is a Hold with a price target of HK$3.00. The company specializes in petroleum equipment and is listed on the Shenzhen Stock Exchange.
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