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TSINGTAO BREW (00168.HK) appointed Jiang Zongxiang as Director and he will continue to serve as the company's President.
On December 26, the Glonghui announced that TSINGTAO BREW (00168.HK) Chairman Huang Kexing submitted a written application to resign from his positions as the company's Chairman, Executive Director, and Chairman of the Board of Directors' Strategic and Investment Committee to the Board of Directors due to reaching retirement age, effective December 25, 2024. After resigning, Huang Kexing will no longer hold any position in the group. The aforementioned application will take effect from the date the resignation report is delivered to the Board of Directors. Huang Kexing's resignation will not result in the number of members on the Board of Directors and the Strategic Committee falling below the legal minimum and will not affect the normal Operation of the company. It was also announced that, effective December 25, 2024, Jiang.
Tsingtao Brewery Names New Chairman Amid Leadership Shift
Express News | Tsingtao Brewery Co Ltd - Huang Ke Xing to Resign as Chairman, an Executive Director
Express News | Tsingtao Brewery Says Chairman Huang Kexing Resigns Due to Reaching Retirement Age
Tsingtao Brewery (600600.SH): Chairman Huang Kexing resigns.
On December 25, Gelonghui announced that Mr. Huang Kexing, the chairman of Tsingtao Brewery (600600.SH), submitted a written application to resign from the positions of chairman of the company, executive director, and chairman of the Board of Directors' Strategic and Investment Committee ("Strategic Committee") due to reaching retirement age. After his resignation, Mr. Huang Kexing will no longer hold any positions in the company or its subsidiaries.
Research Reports Gold Mining | GTJA: Maintains "Shareholding" rating on Tsingtao Brewery, raises Target Price to 92.30 yuan.
GTJA Research Reports indicate that in Q4 2024, Tsingtao Brewery (600600.SH) is expected to see sales growth of +3-5%, while an overall decline of -5-6% in sales is forecasted for the entire year of 2024. It is predicted that in 2025, Tsingtao's sales growth rate may exceed the Industry growth rate, with a slight increase in ton price, and a recovery in market conditions is anticipated; regarding major products, the 8 yuan classic is still expected to be the main driver, while products priced above 10 yuan may focus on pure draft. It is expected that barley costs in 2025 may decrease by a large single-digit percentage year-on-year, with stable prices for glass bottles and cartons. Considering structural upgrades, it is predicted that the gross margin in 2025 may further improve. Additionally, it is expected that the company will further enhance its ...
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