Shandong Molong Wins Shareholder Approval for Governance Amendments at 2025 EGMs
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Shandong Molong Petroleum Machinery has received shareholder approval for governance amendments at its 2025 extraordinary general meetings. The changes aim to enhance the company's decision-making processes and align its governance with regulatory standards. The resolutions were approved by majorities in both A and H share class meetings. Currently, the stock holds a Hold rating with a price target of HK$3.00, and the company operates in the petroleum equipment sector with a market cap of HK$4.73 billion.
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