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China Tower Revises AGM Notice to Include New Director Appointment and Debt Financing Plans

Story Highlights
  • China Tower’s AGM will include resolutions on financial statements and profit distribution.
  • The company plans to issue debt instruments up to RMB50 billion for strategic expansion.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

China Tower ( (HK:0788) ) has shared an update.

China Tower Corporation Limited has issued a revised notice for its upcoming annual general meeting (AGM) scheduled for May 20, 2025, in Hong Kong. The revised notice includes an additional resolution for the appointment of a non-executive director, Mr. Cheng Jianjun. The AGM will address several key resolutions, including the approval of financial statements, profit distribution, and auditor appointments. Additionally, a special resolution will be considered to grant the board a mandate to issue debt financing instruments up to RMB50 billion, reflecting the company’s strategic financial planning and potential expansion efforts.

More about China Tower

China Tower Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating in the telecommunications infrastructure industry. The company primarily focuses on the construction, maintenance, and operation of telecommunications towers and related infrastructure, serving as a key player in supporting the country’s mobile network operators.

YTD Price Performance: -5.39%

Average Trading Volume: 3,070

Technical Sentiment Signal: Sell

Current Market Cap: $23.47B

Find detailed analytics on 0788 stock on TipRanks’ Stock Analysis page.

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