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China CITIC Financial Asset Management Announces Director Nomination and Auditor Change

Story Highlights

China Huarong Asset Management Co., Ltd. Class H ( (HK:2799) ) has issued an update.

China CITIC Financial Asset Management Co., Ltd. announced the nomination of Ms. Yuan Xin as a non-executive director, pending shareholder and regulatory approval. Additionally, the company plans to change its auditors from Ernst & Young to BDO China Shu Lun Pan Certified Public Accountants LLP and BDO Limited, following a five-year engagement limit for state-owned financial enterprises.

More about China Huarong Asset Management Co., Ltd. Class H

China CITIC Financial Asset Management Co., Ltd. operates in the financial asset management industry, focusing on managing and restructuring non-performing assets. The company is part of a larger group and is incorporated in the People’s Republic of China, with its securities listed on the Hong Kong Stock Exchange.

YTD Price Performance: 9.23%

Average Trading Volume: 51,042,849

Technical Sentiment Signal: Sell

Current Market Cap: HK$56.98B

See more insights into 2799 stock on TipRanks’ Stock Analysis page.

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