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The latest announcement is out from Century Entertainment International Holdings Limited ( (HK:0959) ).
Century Entertainment International Holdings has clarified board changes linked to its joint venture structure, re-designating Mr. Defensor from independent non-executive director to non-executive director. The move follows his role as a director of World Platinum Technologies Inc., the joint venture partner in Konphil Technology Company Limited, now a non-wholly owned subsidiary of the group.
The board initially assessed that his directorship at the joint venture partner did not compromise his independence under Hong Kong listing rules, as he was a nominee and not involved in daily operations. However, it opted for a conservative stance to avoid any perception of impaired independence and retain his expertise on the board.
The company also confirmed the independence of newly appointed independent non-executive director Ms. Fok, who meets the criteria under the listing rules. She has no financial or other interest in the business of the company or its subsidiaries, nor any connection with core connected persons, and no other factors affecting her independence were identified.
The most recent analyst rating on (HK:0959) stock is a Hold with a HK$0.72 price target. To see the full list of analyst forecasts on Century Entertainment International Holdings Limited stock, see the HK:0959 Stock Forecast page.
More about Century Entertainment International Holdings Limited
Century Entertainment International Holdings Limited is a Bermuda-incorporated company listed on the Stock Exchange of Hong Kong. Through its subsidiaries and joint ventures, it engages in gaming-related entertainment and technology-linked ventures, including its majority-owned Konphil Technology Company Limited formed with World Platinum Technologies Inc.
Technical Sentiment Signal: Buy
Current Market Cap: HK$92.34M
For a thorough assessment of 0959 stock, go to TipRanks’ Stock Analysis page.