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Asia Television Holdings Limited ( (HK:0707) ) has issued an announcement.
Asia Television Holdings Limited has announced the suspension of duties for executive director Ms. Zha Mengling due to preliminary findings from an independent board committee investigation. The investigation revealed that two subscribers, Ms. Wang Xuefei and Ms. Wu Qiuxia, misrepresented themselves as independent third parties in a Rights Issue, while being closely related to Mr. Zha Xiaogang, a legal representative of a company subsidiary. Further investigations are needed to explore the relationships and transactions among the involved parties. Trading of the company’s shares remains suspended until further notice.
More about Asia Television Holdings Limited
Average Trading Volume: 3,114,528
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$133.7M
For an in-depth examination of 0707 stock, go to TipRanks’ Overview page.