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Beijing Enterprises Holdings Reaffirms Confidence in New Executive Director Amid Past Censure

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Beijing Enterprises Holdings Reaffirms Confidence in New Executive Director Amid Past Censure

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Beijing Enterprises Holdings ( (HK:0392) ) has provided an announcement.

Beijing Enterprises Holdings Limited announced the appointment of Mr. TUNG Woon Cheung Eric as an Executive Director, Company Secretary, and Authorised Representative. While Mr. Tung and the company were previously censured by the Securities and Futures Commission for share buy-back violations in 2016, the company asserts that there was no malicious intent involved and highlights Mr. Tung’s long-standing, commendable service since 2000. The board believes his expertise will continue to be beneficial, affirming his suitability for the director role despite the past incident.

More about Beijing Enterprises Holdings

YTD Price Performance: 9.26%

Average Trading Volume: 2,104

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.42B

Learn more about 0392 stock on TipRanks’ Stock Analysis page.

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