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China Anchu Energy Storage Group Addresses Non-Compliance in Share Sale

Story Highlights
  • China Anchu Energy Storage Group Ltd faced a non-compliance incident with a share sale during a black-out period.
  • The company plans director training to prevent future incidents and sees no material impact on operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Anchu Energy Storage Group Addresses Non-Compliance in Share Sale

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An announcement from China Anchu Energy Storage Group Ltd ( (HK:2399) ) is now available.

China Anchu Energy Storage Group Ltd announced a non-compliance incident involving the sale of 100,000 shares by Mr. Kwok Kin Sun, the chairman, during a black-out period. This sale, which was a result of forced sales by a lender, reduced Mr. Kwok’s shareholding slightly and was deemed an unintended mistake. The company plans to conduct training for directors to prevent future incidents and believes the sale will not materially impact its operations.

More about China Anchu Energy Storage Group Ltd

China Anchu Energy Storage Group Ltd is a company incorporated in the Cayman Islands, focusing on the energy storage industry. It is listed on the Hong Kong Stock Exchange under the stock code 2399.

Average Trading Volume: 4,408,468

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.08B

Find detailed analytics on 2399 stock on TipRanks’ Stock Analysis page.

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