China Tourism Group Duty Free Tightens Nomination Committee Rules to Strengthen Governance
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China Tourism Group Duty Free Corporation Limited (HK:1880) has updated its Nomination Committee Rules to enhance governance. The revised rules mandate a majority of independent directors, gender diversity, and detailed responsibilities for candidate evaluation and board succession planning. This move aims to strengthen corporate governance and board effectiveness. Analysts rate the stock as a Buy with a target price of HK$90.00. The company is a leading duty-free retail operator in China, capitalizing on travel demand and regulatory policies.
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