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China Communications Services (SEHK:552) Appoints New President as Earnings Growth Outpaces Industry
chinacomservice (00552.HK) appointed Cui Zhanwei as the company's CEO.
Chinacomservice (00552.HK) announced on October 16 that Mr. Yan Dong has resigned from the position of CEO due to work adjustments. At the same time, the board of directors also announced the appointment of Mr. Cui Zhanwei as the new CEO, with the aforementioned changes taking effect on October 16, 2024. In addition, the board of directors also announced that, due to the above reasons, Mr. Yan Dong will resign from the position of executive director and member of the strategic committee, and at the same time propose to the company shareholders to appoint Mr. Cui Zhanwei as an executive director. The proposal to appoint Mr. Cui Zhanwei as an executive director is subject to approval at the company's special shareholder meeting scheduled for December 10, 2024.
Hong Kong stock unusual movement | Telecommunication sector collectively rises, cni data factor index policies intensively implemented, further increase in operator dividend payout ratio.
Telecommunication sector stocks collectively rose. As of the deadline, chinacomservice (00552) rose by 6.7%, closing at 4.46 Hong Kong dollars; china united network communications (00762) rose by 4.61%, closing at 7.03 Hong Kong dollars; china mobile (00941) rose by 3.39%, closing at 74.65 Hong Kong dollars; china telecom (00728) rose by 2.86%, closing at 4.68 Hong Kong dollars.
HK Stock Market News | China United Network Communications (00762) surged nearly 9%, leading the telecommunication sector with industry revenue recovery better than expected. The scale of emerging businesses continues to expand.
The telecommunication sector rose in the afternoon, as of the time of publication, China United Network Communications (00762) rose by 8.79% to 7.67 Hong Kong dollars; China Telecom (00728) rose by 5.36% to 4.91 Hong Kong dollars; China Mobile (00941) rose by 2.78% to 77.6 Hong Kong dollars; Chinacomservice (00552) rose by 2.47% to 4.57 Hong Kong dollars.
China Communications Services' H1 Profit Jumps on Higher Revenue
CHINACOMSERVICE: Interim Report 2024
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