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    788   CNE100003688

CHINA TOWER CORPORATION LIMITED

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China Tower Corporation Limited Announces Board and its Committee Changes

09/30/2021 | 07:20am EDT

The board of directors of China Tower Corporation Limited announced that, by reason of age, Mr. Tong Jilu ("Mr. Tong") has resigned from his positions as an executive director of the Company (the "Director"), chairman of the Board, chairman of the strategy committee and the nomination committee of the Board with effect from 30 September 2021. Mr. Tong has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board is announced that, as proposed by the nomination committee of the Board, the Board re-designated Mr. Zhang Zhiyong ("Mr. Zhang") from a non-executive Director to an executive Director and appointed Mr. Zhang as the chairman of the Board with effect from 30 September 2021. In addition, Mr. Zhang no longer holds the position as a member of the audit committee of the Board with effect from 30 September 2021. The Board is confident that, with Mr. Zhang as its Chairman, the Company will further reinforce its development based on its existing solid foundation. Mr. Zhang, aged 56, served as a non-executive Director from May 2018 to September 2021. With effect from 30 September 2021, Mr. Tong also ceased to be an authorized representative of the Company (the "Authorized Representative") pursuant to Rule 3.05 of the Listing Rules. The Board further announced that it has appointed Mr. Zhang as an Authorized Representative with effect from 30 September 2021.


© S&P Capital IQ 2021
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Analyst Recommendations on CHINA TOWER CORPORATION LIMITED
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Financials
Sales 2022 91 894 M 13 811 M 13 811 M
Net income 2022 8 607 M 1 294 M 1 294 M
Net Debt 2022 62 438 M 9 384 M 9 384 M
P/E ratio 2022 15,4x
Yield 2022 3,93%
Capitalization 136 B 20 405 M 20 405 M
EV / Sales 2022 2,16x
EV / Sales 2023 1,89x
Nbr of Employees 20 500
Free-Float 26,5%
Chart CHINA TOWER CORPORATION LIMITED
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China Tower Corporation Limited Technical Analysis Chart | 788 | CNE100003688 | MarketScreener
Technical analysis trends CHINA TOWER CORPORATION LIMITED
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 0,77 CNY
Average target price 0,93 CNY
Spread / Average Target 20,4%
EPS Revisions
Managers and Directors
Xiao Min Gu General Manager & Executive Director
Zhiyong Zhang Chairman
Xiao Qing Fan Chairman-Supervisory Board
Shi Ji Deng Independent Non-Executive Director
Guo Hou Zhang Independent Non-Executive Director
Sector and Competitors