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A-Living Smart City Services Co., Ltd. Class H ( (HK:3319) ) has shared an announcement.
A-Living Smart City Services Co., Ltd. has disclosed that its supervisor, Mr. Wang Shao, has been publicly censured by the Hong Kong Stock Exchange in connection with internal control failures at Starjoy Wellness and Travel Company Limited (formerly Aoyuan Healthy Life Group) and China Aoyuan Group, where he serves as an independent non-executive director. The Exchange found that Mr. Wang and other directors failed to exercise adequate skill, care and diligence and did not ensure sufficient internal controls, contributing to fund outflows within the Starjoy Wellness group, and has ordered him to complete 26 hours of regulatory, legal and Listing Rules compliance training. After reviewing the case, A-Living’s board concluded that the incident does not involve dishonesty or integrity issues on Mr. Wang’s part, is unrelated to A-Living’s operations, and does not affect his ability to serve as a supervisor of the company, with the board emphasizing that the Group’s business and management remain unaffected.
The most recent analyst rating on (HK:3319) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on A-Living Smart City Services Co., Ltd. Class H stock, see the HK:3319 Stock Forecast page.
More about A-Living Smart City Services Co., Ltd. Class H
A-Living Smart City Services Co., Ltd. is a PRC-incorporated company listed in Hong Kong that provides smart city and property-related services through its subsidiaries, focusing on urban living solutions and community management across mainland China.
Average Trading Volume: 2,310,245
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.21B
See more insights into 3319 stock on TipRanks’ Stock Analysis page.